Plastic petrochemicals PET biodegradable 27-12-2018
-China – Polyethylene Terephthalate
PET and its chain are assessed mixed.
PET Bottle grade export 1,000/1,045 $/ton – PET Bottle grade domestic market 7,900/8,050 yuan/ton – PET Filament grade SD domestic market 7,600/7,750 yuan/ton – PET Filament grade BR domestic market 7,700/7,850 yuan/ton
PTA Taiwan 820/835 $/ton – PTA domestic market 6,100/6,200 yuan/ton – MEG $ 625/640 $/ton – MEG domestic market 5,150/5,250 yuan/ton – PX Korea 9,40/955 $/ton
POY 150D/48F domestic market 8,400/8,550 yuan/ton – DTY 150D/48F domestic market 10,250/10,350 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
American Celanese, a world leader in the production of products based on vinyl acetate and technical polymers, announced an increase in January prices for ultra-high molecular polyethylene (PE) brands for the Asian market, the press service of the company reported.
Thus, the price increase will come into force on January 1, 2019 and is consistent with the terms of current contracts.
Thus, PE prices of GUR and GHR grades for this region will grow by USD150 per ton.
Meanwhile, in its message, the company does not specify the reason for the price increase.
Earlier it was noted that Celanese also raises January prices for the same PE brands for the European market. The increase will be EUR150 per ton.
-Crude Oil Prices Trend
Thailand’s Indorama Ventures (IVL) has entered into an agreement to acquire a plant for the processing of polyethylene terephthalate (PET) from the US company Custom Polymers PET, the company said.
IVL said that the acquisition of production in Alabama will expand its ability to introduce integrated production.
The complex consists of two production lines – one for the production of recycled PET (A-PET) flakes, and the other for the production of food A-PETT, with a total capacity of 31 thousand tons per year.
Teijin Limited announced today that Technora black, the company’s strong and flame-retardant para-aramid fiber, has been selected for use in the back panel of the newest AQUOS zero, SHARP’s flagship smartphone model, which was released on December 21.
The new AQUOS zero, which weigh just 146g, have a plastic back panel reinforced with Technora black and a frame made of magnesium alloy.
It will be the world’s lightest smartphone in a class of 6-inch screen and a battery capacity rated above 3,000mAh which supporting waterproof (over IPX5).
SPGPrints, a leading company in the textile, label and industrial printing markets, is set to display the latest innovations in conventional and digital textile printing for the fashion and home-furnishing industry at ITMA 2019, from June 20-26, 2019, in Barcelona, Spain.
It is the world’s leading international textile and garment technology exhibition.
Scientists with Tel Aviv University have developed a new method for producing biodegradable polymers that don’t require fresh water or plants.
The technology paves the way for future biodegradable, sustainable plastics that don’t use up vital — and increasingly limited — resources while also addressing the most pervasive pollutants.
At the heart of the technology are microorganisms that feast on seaweed.
A new Tel Aviv University study describes a process to make bioplastic polymers that don’t require land or fresh water — resources that are scarce in much of the world. The polymer is derived from microorganisms that feed on seaweed. It is biodegradable, produces zero toxic waste and recycles into organic waste.
The invention was the fruit of a multidisciplinary collaboration between Dr. Alexander Golberg of TAU’s Porter School of Environmental and Earth Sciences and Prof. Michael Gozin of TAU’s School of Chemistry. Their research was recently published in the journal Bioresource Technology.
Crude oil prices, caught up in the wider weakness of the financial markets, are staging a recovery today amid perceptions that the recent slide may have been overdone: WTI +6.1% to $45.11/bbl, Brent +4.8% to $52.91/bbl.
WTI crude plunged below $43/bbl on Monday for the first time since June 2017 and has slid more than 40% since early October.
“There is a little bit of over-extension to the downside linked to global market fears,” says Petromatrix analyst Olivier Jakob. “It’s all about equities.”
The US Federal Trade Commission has approved a joint venture’s acquisition of an unfinished polyethylene terephthalate and purified terephthalic acid complex in Texas, Indorama Ventures said this week.
Register Now That approval allows Thailand-based Indorama Ventures, the world’s largest PET producer, Mexico’s Alpek and Taiwan’s Far Eastern New Century to move ahead to finish construction, commissioning and startup of the Corpus Christi complex where work has been largely idle for more than a year. The three companies struck a deal in March to buy the complex for $1.125 billion in cash and capital contributions from bankrupt M&G Chemicals, the Luxembourg, Belgium-based subsidiary of Italy’s Mossi Ghisolfi that oversaw US subsidiaries.
U.S. oil prices at below $50 and now even below $45 a barrel could cause concerns about the debt levels of some energy companies, Nasdaq energy analyst Tamar Essner told CNBC on Wednesday.
“Credit markets have held up a lot better than the energy equity markets right now, so that tells you that credit investors out there believe in the oil story much more so than energy equity investors do right now,” Essner said.
The past trading week was a nightmare for the global market of crude oil, with a major price crash.
In particular, Brent oil dropped in value all the way down to the lowest price since July 2017. This was a dive below 53 dollars per barrel.
Since then, international experts have been trying to figure out the reason for that.
Monroe County recently identified a sustainable solution for recycling plastic foam by purchasing a densifier, which makes disposing the common block packaging material more economical and environmentally friendly.
“For many years, Styrofoam posed a recycling challenge for our environmental services team, until we recently secured a new technology that will now allow us to accept and dispose of Styrofoam more efficiently and effectively,” said Cheryl Dinolfo, county executive. “This holiday season, we encourage residents to bring their clean, white, block Styrofoam directly to the Ecopark rather than placing it in the garbage or a curbside recycling bin. By recycling right, we can continue to keep our community beautiful, enhancing our ability to attract jobs and investment to Monroe County.”
A long supply scenario aptlydescribes the Asia benzene market in 2018, asituation unlikely to change in 2019.
With limited outletto the US and other destinations, most of thevolume produced has remained within Asia, andin 2019 ample supply is expected with newcapacity across Asia and the Middle East due tocome on stream.
However, a majority of new downstreamcapacities of key downstream styrene monomer(SM) are also planned to come onstream from2020 and beyond.
This lead and lag between benzene and SMstart-ups is expected to cause temporaryimbalances between demand-supply dynamics in2019.