Plastic petrochemicals biopolymer carbon fibre 12-12-2018 - Arhive
-China – Polyethylene Terephthalate
PET and its chain lose ground.
PET Bottle grade export 1,040/1,090 $/ton – PET Bottle grade domestic market 8,350/8,500 yuan/ton – PET Filament grade SD domestic market 8,050/8,200 yuan/ton – PET Filament grade BR domestic market 8,100/8,250 yuan/ton
PTA Taiwan 850/860 $/ton – PTA domestic market 6,550/6,700 yuan/ton – MEG $ 665/680 $/ton – MEG domestic market 5,600/5,700 yuan/ton – PX Korea 1,030/1,045 $/ton
POY 150D/48F domestic market 8,600/8,700 yuan/ton – DTY 150D/48F domestic market 10,400/10,500 yuan/ton – PSF domestic market 8,950/9,050 yuan/ton
-Price quotations for PET in Asia rose after an increase in raw material prices
The price proposals of polyethylene terephthalate (PET) in the Asian market have risen sharply last week amid an increase in raw material prices, ICIS reported.
Spot prices in the region were in the range of USD1 020-1 050 per ton, FOB China, and USD1 100-1 130 per ton, FOB India, in the week ending November 30.
Prices for Chinese PET were the most competitive in Asia compared to other volumes of material from Asian countries.
The price quotations for Chinese PET went up last week for both domestic and export markets after the growth of domestic raw material prices in China for purified terephthalic acid (TPA) from 6,110-6,170 yuan (CNY) or USD887-896 per ton, ex-warehouse (ex warehouse), November 30, up to the mark in CNY6 537-6 620 per ton, ex-warehouse, December 6.
Price quotations for Chinese PET were voiced last week at USD1,100 per tonne, FOB China, and higher.
-Crude Oil Prices Trend
-All about PLA & CPLA – compostable bioplastics made from plant starches
At Vegware, we manufacture our catering disposables from a variety of plant-based materials.
We use paper, board and pulp, but the big difference is that we don’t use conventional plastics.
Our cups still need to be leakproof, and our clients still want clear windows, so we use compostable bioplastics – compostable materials derived from plant sources.
-Biggest Negative Risk for Oil Price
That’s according to Bjorn Tonhaugen, head of oil market research at Rystad Energy, who told Rigzone that the OPEC+ decision will help the price stabilize and partially recover during 2019 but will “not likely bring oil back up to $75-$80 levels anytime soon due to the growth in U.S. shale”.
“Oil prices reacted positively initially because the market, based on the news flow before the decision, priced in a probability of a smaller cut … also there was a risk of no-deal,” Tonhaugen told Rigzone.
“Therefore, the market reacted positively initially but that may fade first before prices recover somewhat,” he added.
-Europe chemicals 2019 sales growth could be weakest since 2015 – UBS
Weakening automotive industry production, softer construction markets and a decline in oil pricing could lead in 2019 to the weakest revenue growth for European chemicals since 2015, according to analysts at investment bank UBS.
Average organic sales for the sector could be closer to the 3% contraction recorded in 2015 than the flat growth the bank had previously guided for, following Germany-based chemicals producer BASF’s downgrade to its 2018 earnings outlook last week.
UBS also said the strongest commodity chemicals supply growth since 2015 next year, potentially 50% above 2015 levels, increasing pricing risk at a time when the Chinese government looks set to dramatically expand its domestic emissions reduction programme and reduce basic chemicals demand.
-U.S. expected to end 2018 as world’s top oil producer: EIA
NEW YORK (Reuters) – U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world’s top producer.
Output this year was forecast to rise 1.53 million bpd to 10.88 million bpd, down from the EIA’s previous estimate of an increase of 1.55 million bpd. The current all-time U.S. annual output peak was in 1970 at 9.6 million bpd, according to federal energy data.
-Holland Company Enters North American Distribution Agreement with Borealis
Holland Company, a leading distributor of thermoplastics resins, announced today it has been selected by Vienna, Austria-based polyolefins producer Borealis to be its distributor in North America.
Under the agreement, M. Holland will distribute filled polypropylene (PP) from Borealis’ new PP compounding facility in Taylorsville, North Carolina, as well as imported PP, polyethylene (PE), and Queo™ polyolefin plastomers and elastomers (POP/POE).
The new agreement supports both companies’ strategy and focused approach for continued growth in target markets and offers M. Holland’s clients greater material selection and enhanced supply chain security.
-Indonesia heads towards ethylene self-sufficiency
Lotte Chemical Indonesia (LCI) has broken ground on its planned one million tonnes per year steam cracker and derivatives project in Cilegon, Banten in West Java.
The project is expected to cost more than $3.5 billion and will use naphtha as its main feedstock, although some flexibility is planned for cracking LPG.
Construction activities by the subsidiary of Lotte Chemical Titan Holding are expected to begin either next year or 2020 and the project is targeted for completion in 2023.
-Ingevity acquires Perstorp’s caprolactone business
The caprolactone business of Swedish chemicals producer Perstorp has been acquired by Ingevity for €590 million ($673m).
Capa, which has a production site in Warrington, UK, posts annual revenues of approximately €150m ($171m).
Under Perstorp’s ownership, Capa’s operating margins have increased by almost 50 per cent as a result of production and product line investments, which have increased customer base and geographic reach.
-Canada will be potential market for Vietnamese export garments
Canada will be a potential market for Việt Nam’s export garment products when the Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to Lê Tiến Trường, general director of Việt Nam National Textile and Garment Group (Vinatex).
Trường said although the CPTPP does not include the US – which accounts for nearly half of Việt Nam’s annual garment export value, it has other great potential markets such as Australia, New Zealand, Chile and Canada
-Weekly resin report: ‘Twas the start of December, and not a buyer was stirring
The beginning of December marked the slowest resin trading week of the year, reports the PlasticsExchange (Chicago) in its Market Update.
Activity picked up mid-week, but only slightly, with ho-hum daily volumes amid limited spot demand.
Processors are de-stocking, which is both seasonal as the year-end approaches but also a result of lofty resin prices that are now coming un-done.
Offers for both polyethylene (PE) and polypropylene (PP) flowed freely and domestic railcars were well discounted, as burdensome upstream resin supplies weighed on the market.
PE prices shed another cent, while PP chunked off $0.02 to 0.03/lb. Contract prices for both PE and PP decreased in November and seem to be headed for similar declines in December.
-AFRICA: Coca-Cola invests $38 billion for plastic waste recycling
Plastic waste continues to cram African streets. Coca-Cola has decided to help eradicate them through recycling.
The $33 billion package that accompanies its action will support companies in southern and eastern Africa that want to start recycling plastic waste.
The Coca-Cola Company has decided to invest $38 billion to encourage waste recycling in Africa. The announcement was made by its Director of Communication and Public Relations, Maserame Mouyeme.
The money will be injected over the next three years into the budget of industries in southern and eastern Africa to promote waste recycling.
The announcement was made during the Global Citizen Mandela 100 festival held in South Africa in December 2018.
This Coca-Cola initiative, besides contributing to the protection of the environment, should generate nearly 19,000 jobs.
-Nestlé vows to boost recycled PET use
Nestlé Waters North America Inc. is now committing to using recycled plastic for half of the company’s bottle needs by the middle of next decade.
The Stamford, Conn.-based company, which has been making incremental increases in its use of recycled PET over time, also has set an interim target of 25 percent recycled plastic use by 2021.
Nestlé Waters North America includes well-known brands such as Arrowhead, Poland Spring, Deer Park, Ice Mountain, Ozarka, Zephyrhills, and Pure Life.
