Plastic petrochemicals crude oil sanctions 06-09-2018 - Arhive
Plastic petrochemicals crude oil sanctions
PARSIPPANY, N.J., USA – Sun Chemical will increase prices across its entire portfolio of ink, coating and consumable products in North America, effective October 1, 2018.
-Crude Oil Prices Trend
-High-barrier PET bottle for olive oil protects product, planet
Posted by Anne Marie Mohan 2 days ago
Gourmet olive oil distributor Mexiterra selects PET barrier bottle to protect product from UV rays, extend shelf life, and minimize package footprint versus glass.
Baja_Precious.jpgIt’s probably not common knowledge that the U.S. imports close to 99% of its olive oil from countries like Italy, Spain, and even places as far away as Australia.
-August Global IPEX rises on NE Asia PX, benzene and propylene
LONDON Here are the August IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.
-Tronox acquisition of Cristal’s titanium dioxide business blocked by U.S. court
By: Carl Surran, SA News Editor
A U.S. District Court grants the Federal Trade Commission’s request for a preliminary injunction blocking Tronox’s (TROX +1.1%) proposed acquisition of Cristal’s titanium dioxide business.
The FTC, which filed a complaint in July, first objected to the deal last year, saying the merger would reduce competition in the titanium dioxide market.
TROX says it plans to appeal the decision and request an expedited hearing so it may proceed with the merger, and will consider whether to proceed with the divestiture of Cristal’s Ashtabula, Ohio, titanium dioxide production complex.
-Say Goodbye To Cheap Oil… For Now
Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays.
The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $75 per barrel in 2020, up from a previous estimate of $55, while prices may average $80 in 2025, up from $70 previously.
The bank noted that the market is dramatically different than it was at this point last year when it issued its previous medium-term report. U.S. shale drillers are maintaining capital discipline, which could lead to lower than expected production levels
-Henkel announces ambitious targets for sustainable packaging
Building on its existing efforts and progress in sustainable packaging, Henkel is stepping up its commitment to further promote a circular economy: The company has set itself additional targets embedded in an expanded strategic framework. By 2025, 100 percent of Henkel’s packaging will be recyclable, reusable or compostable*. Within the same timeframe, Henkel aims to use 35 percent recycled plastic for its consumer goods products in Europe.
-Rouhani says Iran will export crude oil despite US pressure
TEHRAN, Iran (AP) — President Hassan Rouhani said Tuesday that Iran will continue exporting crude oil despite U.S. efforts to stop it through sanctions.
“We will continue by all means to both produce and export” oil, Rouhani said in remarks broadcast on state TV. “Oil is in the frontline of confrontation and resistance.”
-8th PETAsia & Recycling Outlook pinpoints Sustainable PET Packaging, Recycling, PET Resin Trade
Scheduled on 30-31 October, 2018 in Bangkok, CMT’s 8th PETAsia & Recycling Outlook zooms in on SE Asia’s emerging PET recycling market, China’s PET waste ban as well as innovations in PET packaging and more. Plastic petrochemicals crude oil sanctions
-Saudi Arabia aims to keep crude in $70 to $80 band: sources
DUBAI/LONDON – Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said.
-Crude oil futures lower as supply disruption concerns recede
Singapore — Crude oil futures were lower during mid-morning trade in Asia Wednesday as production loss from Tropical Storm Gordon in the Gulf of Mexico was increasingly seen to be limited.
-UK’s Palagan invests in five conversion machines to work with thinner films
UK-based polythene packaging manufacturer Palagan has invested £1.2m in greener film conversion technology.
Palagan invested in five conversion machines to work with stronger, thinner films.
The new equipment will meet the increasing demand for more environmentally efficient materials from British manufacturers and processors, and help reduce overall packaging use.
-Coral Products announce investment for in-house recycling plant
Coral Products are investing in an in-house recycling plant within their UK based factory in Haydock Merseyside.
The company supplies plastic recycling and food waste products to various UK councils, and with a conservative estimate, can see 700 tonnes of plastic recycled back into recycling and kerbside products by 2019
-Toray Plastics (America) expands Torayfan white films portfolio
Toray Plastics (America),has expanded its portfolio of white films and now offers consumer product goods companies and converters five new Torayfan white-pigmented metallized biaxially-oriented polypropylene (BOPP) films.
The new films encompass sealable and non-sealable versions and are available in a variety of heat-seal strengths. End users can also ‘dial in’ preferred oxygen and moisture-barrier levels. Toray’s combination of pigment, sealant and barrier in one film allows end users and converters to manufacture a duplex instead of a triplex lamination in many applications.
-How is oil going to behave? Iran, US and China hold clue
Oil ended August on a positive note after prices fell in the first half on fears that a US-China trade spat and an emerging market crisis stoked by turmoil in Turkey would dent demand.
Oil has rebounded in recent weeks. The reasons for the recent rebound are many.
From perspective of the physical market, there have been recent bullish data points that suggest that the market is tightening. The last week of August was extremely bullish for crude oil owing to multiple geo-political events. Increasing output from OPEC also helped with oil price action, but supply concerns still remain in the market.
