Plastic petrochemicals crude oil 10-09-2018 - Arhive
-Crude Oil Prices Trend
-Polymers crude oil Petrochemicals prices
Polymers crude oil Petrochemicals prices – Bottle grade PET chips – Filament grade PET chips
-Crude Oil Price Forecast: Sentiment Remains Weak
Oil fell back into its familiar trading range of $65 to $70 per barrel last week after making a brave attempt to break above $70 on Tuesday. A mixed oil inventory report from the U.S. EIA added to slowing price momentum. Despite the country’s crude oil inventories falling 4.3 million barrels in the weekly bulletin, a surprising build in gasoline and distillate inventories suggests that the peak summer driving season has ended and demand could weaken.
-Will The U.S. Let India Continue To Import Iranian Crude?
India is increasingly finding itself caught between competing alliances.
On one hand, ties between Washington and New Delhi have improved in recent years in large part to what both sides perceive as increased threats from China both militarily and economically in the South China Sea and overall Indo-Pacific region.
On the other, New Delhi has also experienced improved bilateral relations with Tehran. This improvement in relations, in large part, comes from the two countries’ own oil related interests. Iran, since earlier sanctions against its energy sector were removed in 2016, has been eager to recapture lost market share both in India and the overall Asia-Pacific region as it quickly ramped up oil production post sanctions.
-Hedge funds hike bullish bets on oil as Iran exports drop
The speculator group raised its combined futures and options position in New York and London by 16,634 contracts to 386,487 in the week to Sept. 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
Hedge funds hike bullish bets on oil as Iran exports drop New Delhi: Hedge funds and money managers upped bullish bets on U.S. crude to the highest level in nearly a month as prices climbed on expectations that falling Iranian output will tighten global supplies once a second round of U.S. sanctions start on Nov. 4.
-Oman’s producer price-based inflation rises
Muscat: The Sultanate’s producer price index (PPI)-based inflation rose by 17.7 per cent in the second quarter of 2018, over the same period of last year, mainly driven by a surge in oil and gas prices by 20.6 per cent and non-oil products prices by 5.5 per cent, according to the latest statistics released by the National Centre for Statistics and Information (NCSI).
Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent.
-Huntsman aims to redefine dyeing of polyester Huntsman Textile Effects dyeing polyester
Huntsman Textile Effects introduces Univadine E3-3D diffusion accelerant to help mills achieve high-performance dyeing of polyester, microfibers and blends in an environment-friendly way that complies with current and anticipated industry sustainability standards.
The demand for polyester and man-made fibres is booming as sports and athleisure apparel markets expand rapidly around the world.
-Lanxess’ ITEC presentations to focus on additives
AKRON—Two Lanxess A.G. representatives will explore rubber additives used to improve tire traction and reversion resistance during two presentations planned for the the International Tire Exhibition & Conference.
-Recyclability evaluation protocol published for polyethylene film
Recycling of plastic packaging film represents a difficult problem for manufacturers, given the various technologies used.
So how do you know if your plastic film is recyclable? RecyClass (Brussels) recently released a procedure to assess the recyclability of plastic films in Europe to support circularity of packaging goals.
The RecyClass Recyclability Evaluation Protocol analyzes the impact of different technologies on the recyclability of polyethylene (PE) film and the flexible packaging recycling stream.
The Fraunhofer IGB, one of 72 institutes and independent research institutes of the Fraunhofer-Gesellschaft, Europe’s leading organization for applied research, is investigating a sustainable alternative for the production of new high-performance plastics from terpenes found in resin-rich wood. Researchers at Fraunhofer are using new catalytic processes to convert 3-carene into building blocks for 100 percent biobased plastics that are transparent as well as have a high thermal stability.
-World’s biggest bottled water companies back scheme for shoppers to pay a deposit for every bottle
Water companies have backed deposit and return scheme for plastic bottles
It would see people pay a fee on bottles that is refunded when they are returned
Danone and Nestle have backed research calling for policies to tackle waste
Some of the world’s biggest bottled water companies have thrown their weight behind a deposit and return scheme for plastic bottles across the UK.
Danone, which owns Evian and Volvic, plus Nestle, whose brands include Vittel, Pure Life and Perrier, have backed research which calls for radical policies to tackle plastic waste.
-As lira tumbles, Turkey requires exporters to convert revenue to lira
ISTANBUL (Reuters) – Turkey has required exporters to convert the bulk of their overseas revenue into lira, a surprise move designed to support the tumbling currency, but one that industry officials say could lead to losses for manufacturers.
The lira has fallen more than 40 percent against the dollar this year, driving up the cost of food and fuel and sending inflation soaring to 18 percent, its highest in a decade and a half.
Economists say Turkey needs big interest rate increases to put a floor under the lira and rein in inflation. The central bank has been reluctant to hike, given pressure from President Tayyip Erdogan, a self-described “enemy of interest rates”.
-Artificial Photosynthesis: A New Renewable Energy Source?
An international team of scientists has made a major breakthrough for the future of sustainable fuel.Artificial Photosynthesis Renewable Energy Source
They achieved this major milestone by copying the methods of some of the cleanest energy producers on the planet—plants. Scientists from the University of Cambridge and the Ruhr University Bochum have discovered a new technique that mimics the natural process of photosynthesis in plants, which could be used to produce hydrogen fuel, an extremely clean (zero carbon dioxide emissions) and essentially unlimited energy source.
-Iran Sanctions Are Fueling OPEC Tensions
Expect fireworks at the producer group’s meeting this month.
Two months before renewed U.S. sanctions on its oil exports take effect, Iran has already suffered a sharp drop in sales and lost key buyers in Asia and Europe.
That slump will continue in coming weeks. Meanwhile, rising output from other OPEC members is fueling tensions within the producer group that could come to a head at a meeting in Algeria later this month.
Iran exported just over 2 million barrels a day of crude oil and condensate (a light form of crude extracted from gas fields) in August, according to Bloomberg tanker tracking. That is the lowest since March 2016, and down 28 percent from April, the last month before President Donald Trump announced that he was withdrawing from the Iran nuclear deal and reimposing sanctions.
-OP 4 INNOVATIONS ‘DRIVING THE CIRCULAR ECONOMY’
Announcing the finalists of the Sustainability Awards 2018! The seventeen independent judges for the leading competition for innovation in sustainable packaging have graded all the submissions over the summer – and this week Packaging Europe is revealing the top four entries in each category. The six category winners and overall Sustainability Awards 2018 winner will be unveiled at Scanpack on 23 October.
-Hydrothermal recycling technology to be used at scale for the first time
H&M has opened two first-of-their-kind textile recycling facilities in Hong Kong.
The facilities, which are the joint project of nonprofit H&M Foundation and Hong Kong Research Institute of Textiles and Apparel (HKRITA), are putting to use HKRITA’s breakthrough hydrothermal recycling technology. This will be the first time the technology has been put into practice at scale and a miniaturized Garment-To-Garment Recycling system will be open to the public.
The recycling technology is an important part of developing a closed loop for textiles.
-Uflex’s Chaturvedi: “Multi-layer plastic packaging is 100% recyclable”
“The good news is that multi-layer plastic packaging (MLP), even when it is printed, laminated and metallised, is 100% recyclable,” declared Uflex chairman Ashok Chaturvedi. He was speaking at the Speciality Films and Flexible Packaging Global Summit in Mumbai.
Chaturvedi said, “Uflex recognises its responsibility to the environment. It has been recycling all types of multi-layer packaging waste, in varied combinations and structures, successfully for the past two decades. It was awarded in Davos for this initiative way back in 1995.”
-European paraxylene Sep contract initial settle at Eur1,170/mt, up Eur220/mt from Aug
London — The European September paraxylene contract price initially settled at Eur1,170/mt, up Eur220/mt from August’s contract price, according to a source.
The contract price was confirmed Friday by a buyer in the negotiations.
A contract price is considered fully settled when two buyers and two sellers agree independently on the same contract price level.
-How can waste fibre-reinforced polymer material become more circular?
How can waste fibre-reinforced polymer material become more circular?
A new study explores the best way to pursue a circular economy in the management of waste fibre-reinforced polymer material in the UK.
The report was funded by the UK’s National Composites Centre and Innovate UK, and prepared by Composites UK, Scott Bader and Renuables. The stakeholders sought to explore and detail the most effective path towards a circular economy for waste fibre-reinforced polymer material, examining environmentally and economically sustainable solutions.
-China is losing the new Cold War China losing Cold War USA Economy
Beijing seemingly set to follow Soviet Union in doomed arms race with the US
HONG KONG — When the Soviet Union imploded in 1991, the Communist Party of China became obsessed with understanding why. The government think tanks entrusted with this task heaped plenty of blame on Mikhail Gorbachev, the reformist leader who was simply not ruthless enough to hold the Soviet Union together. But Chinese leaders also highlighted other important factors, not all of which China’s leaders seem to be heeding today.
-Retaliatory tariffs on US chem exports to China threaten $18bn in economic harm – ACC
(HOUSTON) -The $11bn worth of tariffs on US chemical exports enacted by China put almost $18bn in domestic activity at risk along with nearly 55,000 US jobs, the American Chemistry Council (ACC) said on Thursday.
The projected impacts cover both proposed tariffs and those already enacted. They are showcased in an economics report, which the ACC published along with comments once again urging the administration of US President Donald Trump to remove 1,505 chemicals and plastics products from the US’ third proposed tariff list of imported goods.
-Plastics More Than Recycling – Life Cycle Important
During the 2018 Plastics Industry Fly-In scheduled for September 11 – 12, 2018, the Plastics Pipe Institute, Inc. (PPI) will provide The Hill with another perspective of the benefits of plastics. PPI is the major North American trade association representing all segments of the plastic pipe industry.
“While there is reuse of plastics in many industries, there is another facet of recycling that is not widely discussed,” stated Tony Radoszewski, CAE, president of PPI. “And that is how and where to use recycled plastic to gain the most benefit. The pipe industry turns used bottles into pipe that will benefit the infrastructure for 100 years, and probably longer.”
