Plastic Petrochemicals textile PET recycling oil 01-11-2018 - Arhive
-China – Polyethylene Terephthalate PET and its chain are weak.
PET Bottle grade export 1,160/1,195 $/ton – PET Bottle grade domestic market 9,100/9,200 yuan/ton – PET Filament grade SD domestic market 8,850/9,000 yuan/ton – PET Filament grade BR domestic market 8,850/9,000 yuan/ton
PTA Taiwan 940/950 $/ton – PTA domestic market 7,050/7,150 yuan/ton – MEG $ 770/780 $/ton – MEG domestic market 6,600/6,700 yuan/ton – PX Korea 1,205/1,215 $/ton
POY 150D/48F domestic market 9,750/9,850 yuan/ton – DTY 150D/48F domestic market 11,650/11,750 yuan/ton – PSF domestic market 9,900/10,000 yuan/ton
The contract price of ethylene in Europe for November deliveries was finally agreed at EUR1,135 per tonne, which is EUR10 per tonne lower than October, ICIS reported.Price ethylene Europe polyethylene
The contract price was approved under the terms of FD NWE (with delivery to North-West Europe).
Three manufacturers and two buyers directly confirmed this price.
Naphta fell in Europe in October. In addition, the low water level in the Rhine also affected the performance of cracking plants in the region.Price
–Crude Oil Prices Trend
-Asian paraxylene contract price fails to settle for second month in a row
Singapore — Discussions for the November paraxylene Asian contract price ended for a second straight month without a major settlement, market participants said Wednesday.
There was a partial settlement at $1,200/mt CFR Asia between ExxonMobil and China’s Yisheng Petrochemical, confirmed by counterparties.
The gap between the highest bid and the lowest remaining offers was $40/mt, at $1,200/mt CFR Asia against $1,240/mt CFR Asia.
“We were looking at how much upstream naphtha has fallen with respect to paraxylene, and considering the narrowing downstream purified terephthalic acid margins, we were not inclined to improve our bids beyond $1,200/mt,” a PX end-user said.
A producer said: “Given that Asian PX spot prices continue to remain firm and well above $1,200/mt, without any indications that there be more length in spot supply emerging before first quarter of 2019, we [producers] believe that the ACP value should reflect this. Also, given that the average of the October monthly price stands at around $1,290/mt CFR Taiwan/China, it is difficult for us to consider a value much lower than that.”
-Sinopec reduced November MEG prices for CNY300 per ton
China- China Petroleum & Chemical Corp. (Sinopec), Asia’s largest oil refining company, on October 30 lowered November prices of monoethylene glycol (MEG) in East China by 300 yuan (CNY) or USD43 per tonne due to weaker demand from the finished goods market, a source at the company told ICIS .
Thus, the November prices of MEG companies are now at the level of CNY7,200 per ton or USD1,035 per ton.
The company operates four MEG plants with a total capacity of 1.84 million tons per year.
Spot MEG prices in China declined in October. So, on October 29, MEG spot prices were in the range of CNY6 790-6 850 per ton (USD976-984 per ton), whereas on October 8 they were CNY7 400-7 500 per ton (USD1 063-1 078 per ton).
MEG prices in the region have fallen as a result of the uncertain macroeconomic situation and weaker demand in the polyester yarn market.
-Italian chemistry already in line with the EU targets
(Italian Language Only)
The results of the Responsible Care report presented in Milan. In thirty years emissions in the atmosphere and in the waters reduced respectively by 95% and 78%.
In our country, the program was adopted by 1,651 companies associated with Federchimica, which with 30.3 billion euros represent 55% of the aggregate turnover of the chemical industry in Italy.
For safety, health and the environment, the companies participating in Responsible Care spend 2.6% of their turnover each year and make investments equal to about 20% of the total invested.
The results confirm that chemistry excels at an industrial level in the safety and health of employees, leaving behind now the image of a dirty and polluting sector.
As was noted yesterday, the Italian chemical industry is already in line with the EU objectives on climate change for 2020 and 2030, reduced greenhouse gases by 61% and improved energy efficiency by 55% compared to 1990.
Compared to 30 years ago, atmospheric emissions and effluents in water discharges drastically decreased, falling respectively by 95% and 78%.
-KHS designs 100% rPET water bottle for German firm Share
German start-up Share has collaborated with KHS to launch a new line of water, packaged in 100% recycled PET (rPET) bottles.
Share’s still and carbonated water is bottled at the Allgäuer Alpenwasser plant in Oberstaufen, Germany, using KHS technology. The bottles are blown on an InnoPET Blomax stretch blow moulder.
Next year, Berlin-based Share plans to fill water into about 1 million bottles per month made of rPET, a move which will save “over 200 metric tons of plastic waste a year”, according to the company.
Its water is now on sale in German retailer Rewe.
Iris Braun, head of product and social projects at Share, said: “It took a long time for the original idea to be implemented. Finalising the technology and obtaining certification are both lengthy processes. Your partners are thus crucial.”
-BIO-FED expands again its offer on the Italian market
Ecomondo 2018
The Cologne-based company BIO-FED is exhibiting at Ecomondo 2018 in Rimini for the fourth time. The branch of AKRO-PLASTIC GmbH is specifically targeting its offer to the legislative framework on the European markets.
Italy is Europe’s leading country in the Green Economy Sector. They state an example regarding waste recycling, energy efficiency and productivity of resources.
After the Italian government banned the use of non-biodegradable plastic bags in 2011, producers have been quite active in R&D.
In general, BIO-FED offers a wide range of biodegradable materials for film applications and can so provide solutions to the market.
-The October contract price of paraxylene in Europe fell by EUR22.5 per ton
The contract price of paraxylene in Europe for October deliveries was agreed at EUR1,137 per tonne, which is EUR22.5 per tonne lower than the September contractual price of material, ICIS reported on Wednesday confirming both buyers , and from the sellers in the market.
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).
Thus, the October contract price for the material was agreed on two levels: the first was EUR1,135 per ton, and the second was EUR1,140 per ton.
Thus, the contract price was approved at the average between the values of these agreed levels.
Earlier it was reported that the contract price of paraxylene in Europe for September deliveries was agreed at the level of EUR1,160 per tonne, which is EUR210 per tonne higher than the August contractual price of the material.
-UK government hard Brexit contingency plans for chemicals unworkable – CBA
The UK government’s current contingency plans for the chemicals industry regulation in the event of no deal being agreed with the EU on its exit from the 28-country club is unworkable and will cause huge damage to the sector, the Chemical Business Association (CBA) said.
The current plan to transpose EU Reach legislation into UK law in the event of a no-deal Brexit could force UK chemicals companies to go through the cost and expense of Reach registration for a second time, with significant implications for the sector and downstream industries, the trade group said.
Regulatory compliance is key to EU market access, CBA chief Peter Newport said in a letter to the UK’s Parliamentary Under Secretary of State for the Environment Therese Coffey.
Converting EU Reach into UK law would necessitate the creation of a registered chemicals database equivalent to that held by the European Chemicals Agency (ECHA), and most UK companies do not own or have access to the necessary data.
-Europe chems enters new age of uncertainty, but also opportunity – Cefic DG
Europe’s chemical industry is being subject to new global political and economic forces which create uncertainty but also offer exciting opportunities, according to the director general at Europe’s trade group Cefic.
Whilst trade tensions, Brexit, and an economic slowdown are creating nervousness about the future, longer-term issues such as the circular economy and digitisation mean it is also an exciting time to be working in the chemicals industry, said Marco Mensink.
“The uncertainties towards the end of the year are increasing and we’re seeing some sort of slowdown,” he said.
State of the World’s Fungi
Could fungi help us deal with our plastic addiction? Scientists at London’s Kew Botanical Gardens think so. Fungi research organisms break plastic
The first ever State of the World’s Fungi, produced by Kew Gardens and a team of around 100 scientists from 18 countries, reports that fungi successfully degrades polyurethane in a matter of weeks.
The plastic-busting potential was discovered last year by a team of scientists from China and Pakistan, who sought to isolate the fungi that were degrading polyurethane at a waste disposal site in Islamabad. Fungi research organisms break plastic
-Cosmo Films unveils metalised velvet lamination film
Cosmo Films has introduced a metalised velvet lamination film for clients in the luxury packaging segment.
The film is an intense silver colour and offers a rich velvety feel to the laminated paper / paperboard or package. It is glueable, stampable and printable.
Cosmo Films noted that users need to laminate the film to the unprinted paper before printing or adding post-lamination embellishments.
Available for both thermal and wet lamination in 32µ and 20µ respectively, the film is said to offer improved printability with offset, UV offset, screen, UV inkjet, and laser printing.
-Moody’s: Proposed tax is credit negative for plastic packaging firms
The UK’s proposed plastic packaging tax could lead to an increase in recycled raw materials and alternative packaging being unavailable.
The government announced a consultation for a potential tax for plastic packaging products that contain less than 30% of recycled content.
Ratings agency Moody’s said the proposed tax is credit negative for plastic packaging manufacturers because it disincentivises the use of plastic packaging and as such has the potential to reduce industry growth rates.
Moreover, the required use of at least 30% recycled content to avoid the tax could drive up raw material prices for recycled materials and negatively affect the profitability of plastic packaging firms.
-Indorama Ventures Takes Major Step Towards A Circular Economy
Indorama Ventures Public Company Limited (IVL), headquartered in Thailand has committed to further increase its use of post-consumer polyethylene terephthalate (PET) and polyester waste materials as feedstock for the future.
Commenting on the recent global agreement to combat plastic waste, led by the Ellen MacArthur Foundation, Mr. Aloke Lohia, Group CEO of Indorama Ventures, said,
“We are proud to be part of the Ellen MacArthur Foundation’s New Plastic Economy initiatives, and to work together with key players towards the vision of a circular economy for plastics. It is important for us to be able to offer added value to our customers with our product, while protecting the environment in the best possible way-
-CPS completes Far Chemical acquisition
CPS Performance Materials completed its acquisition of Far Chemical, a developer and producer of specialty organic chemicals, from Edgewater Capital Partners.
The terms of the acquisition were not disclosed, according to a CPS news release.
Arsenal Capital Partners created CPS, a specialty chemicals manufacturer, as a new platform focused on specialty polymers and chemicals through the acquisition of Cyalume Technologies.
Far’s chemistry capabilities in bromination, organometallics and cryogenic reactions are a complement to CPS, according to Jeremy Steinfink, CPS president and CEO. The combination will allow CPS to broaden its offerings to pharmaceutical, advanced composites, CASE and personal care customers.
-Sidel acquires creative Italian packaging design company
Swiss Packaging machinery and equipment supplier Sidel Group has acquired PET Engineering srl, an Italian design firm, in a bid to expand its portfolio of packaging solutions.
Based in San Vendemiano, Italy, PET Engineering has solid blowing process knowledge and expertise and offers services in strategic analysis as well as container, label, cap and secondary packaging design.
