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-China – Polyethylene Terephthalate
PET and its begins the new year downhill.
PET Bottle grade export 990/1,020 $/ton – PET Bottle grade domestic market 7,750/7,850 yuan/ton – PET Filament grade SD domestic market 7,600/7,750 yuan/ton – PET Filament grade BR domestic market 7,600/7,850 yuan/ton
PTA Taiwan 810/825 $/ton – PTA domestic market 5,850/6,000 yuan/ton – MEG $ 615/630 $/ton – MEG domestic market 5,000/5,150 yuan/ton – PX Korea 9,00/920 $/ton
POY 150D/48F domestic market 7,900/8,000 yuan/ton – DTY 150D/48F domestic market 9,950/10,050 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
The company operates in the field of flexible and wearable organic electronics, also single-use, to develop devices to be integrated into clothes and fabrics while keeping intact its mechanical properties or new generation batteries.
In the next few years the development of new electronic products will be based more and more on eco-sustainable organic materials such as bioplastics: for this reason Bio-on, listed on the Aim on the Italian Stock Exchange and active in the high quality bioplastic sector, has established Eloxel, a company who owns with Kartell, both participate with 50%. Research in this field has already been carried out in the Bio-on laboratories for two years and during this year the first worldwide patents based on bioplastic, natural and 100% biodegradable in the field of new batteries and eco-compatible piezoelectric materials were deposited .
-Crude Oil Prices Trend
-Smart Manufacturing in 2019: Customer Satisfaction, Quality, Traceability and Warehouse Automation Top Trends
Manufacturers have long embraced the concept of continuous improvement and innovation.
In that spirit, what better way to kick off 2019 than by looking to see what the next year has in store for manufacturing? Smart Manufacturing Quality Automation
Over the past few years, it has been impossible to escape headlines about the Industrial Internet of Things (IIoT)/Industry 4.0.
New models for technology-enabled manufacturing have already moved into the implementation phase at many of the world’s top manufacturers.
-Developing Countries Must Better Prepare for Industry 4.0, Expert Says
Jakarta. Developing countries must step up efforts and implement better strategies to prepare for the impact of increased automation and the implementation of smart technologies in Industry 4.0, a technology expert said on Friday (26/01).
Industry 4.0, or the Fourth Industrial Revolution, involves the use of advanced technologies, including cloud computing, cognitive computing and the Internet of Things (IoT), which will transform people’s personal and professional lives.
-What Industry 4.0 Means For the Automotive Supply Chain Industry 4.0 Automotive Supply Chain
When it comes to the automotive industry, innovation isn’t anything new. A rich history of ideation – including Alfred P. Sloan Jr.’s commitment to new concepts such as automotive styling and Henry Ford’s introduction of the assembly line – defines an industry in which change occurs more often than not.Industry 4.0 Automotive Supply Chain
The latest in a long series of new developments is poised to be delivered by Industry 4.0, or the fourth industrial revolution.
Made popular in the manufacturing arena, Industry 4.0 is ready to reshape the automotive industry. From smaller equipment to a more dynamic supply chain, see what changes are on the horizon.
-Jharkhand CM inaugurates 1st unit of Arvind Smart Textile27
Jharkhand chief minister (CM) Raghubar Das has inaugurated the first unit of Rampur Arvind Smart Textile as part of Arvind’s expansion plans. The garment manufacturing unit set up in Ranchi with an annual capacity of 16 million, will create 7,500 job opportunities. Meanwhile, the company has also extended production to Gujarat and Andhra Pradesh.
The locals are being trained through various skill development programmes to be well-equipped for the upcoming employment opportunities, said Das.
-Impact of US-China trade dispute on oil is starting to fade
Following the deal struck between US President Donald Trump and his Chinese counterpart, Xi Jinping, at the G20 summit at the start of this month, China is reportedly close to resuming imports of US crude oil.
Before the two countries entered a trade dispute, China was the world’s major importer of US shale oil, and commentators suggest that the Xi-Trump deal was, in part, an attempt by China to avoid tariffs being imposed on commodities including crude oil imports.
-Russia Blames Fed Interest Hike For Low Oil Prices
It seems that the Federal Reserve can’t get a break. For months, President Trump has been increasingly criticizing the Fed’s policy of incrementally increasing interest rates, a near-unprecedented move for an American president.
After the most recent Fed move to hike interest rates by a quarter of a percentage point last week, Trump tweeted on Monday that the Fed was the “only problem our economy has.”
-Oil market volatility seen continuing into the New Year
Energy analysts believe oil market volatility will continue until the build-up in U.S. crude stockpiles reverses.
U.S. crude fell to an 18-month low on Monday, only to post its best one-day performance in more than two years on Wednesday.
The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising questions about crude demand in 2019.
-OUTLOOK ’19: Chems may face more tariffs in US, China trade war
Chemical companies could facemore trade barriers and tariffs if the US andChina fail to reach some kind of agreement thataddresses their trade grievances.
In 2018, the USintroduced tariffs on a range of Chineseimports.
For each of the three rounds, China hasresponded in kind, targeting chemicals andagricultural products.
US farmers are especially dependent on China asa destination for their crops, and the tariffscould reduce their income.
Farmer income is among the biggest factors indetermining demand for agrochemicals andfertilizers. When farmer income declines, salesof these products often follow.
-Formosa expects US cracker start-up, PE commercial ops in H22019
Formosa intends to achieve “steady state commercial operations” at its twonew polyethylene (PE) plants in Point Comfort,Texas during the second half of 2019, theproducer said on Wednesday.
Its third olefins plant at Point Comfort isunder construction, and “gas feed” is expectedalso in the second half of 2019. The crackerwill have a capacity of 1.25m tonnes/year.
Forthe PE plants, one will have a capacity of400,000 tonnes/year of low density PE (LDPE).The other will be able to produce both highdensity PE (HDPE) and linear low density PE(LLDPE), with a combined capacity of 400,000tonnes/year.
-Brazil’s November biofuels output remains resilient on year
Brazilian production of sugarcane-based ethanol and biodiesel remained strong in November despite the end of the harvest season, according to data released Thursday by the National Petroleum Agency, or ANP.
Sugar mills produced 2.24 billion liters of ethanol in November, an increase of 2.1% from 2.19 billion liters in November 2017, reflecting 2018’s robust sugarcane crush, the ANP said. November’s ethanol production, however, was down 31.8% from 3.28 billion liters in October, the ANP said.
