Plastics Petrochemicals Crude Oil 19-06-2019
China – Polyethylene Terephthalate
PET and its chain continue to gain ground, always with the exception of the PX.
Crude oil continues to rise strong.
Polyamide 6 and its chain continue to lose ground.
PET Bottle grade export 890/930 $/ton – PET Bottle grade domestic market 7,000/7,150 yuan/ton – PET Filament grade SD domestic market 6,550/6,700 yuan/ton – PET Filament grade BR domestic market 6,650/6,800 yuan/ton
PTA Taiwan 720/730 $/ton – PTA domestic market 5,650/5,750 yuan/ton – MEG 530/540 $/ton – MEG domestic market 4,250/4,350 yuan/ton – PX Korea 790/805 $/ton
Polyester POY 150D/48F domestic market 7,700/7,800 yuan/ton – Polyester DTY 150D/48F domestic market 9,250/9,350 yuan/ton – Polyester Staple PSF domestic market 7,450/7,550 yuan/ton
Crude Oil Prices Trend
-LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materialsPlastics Petrochemicals Crude Oil
This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale
LyondellBasell , one of the largest plastics, chemicals and refining companies in the world, and Neste (NESTE, Nasdaq Helsinki), the world’s largest producer of renewable diesel from waste and residues, today jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.
“Attis is also evaluating the use of its lignin for the production of bio-based carbon fibre and adhesives. The Fulton site has the size and logistics capabilities to handle this commercial operation and was an ideal choice when evaluating potential sites for Attis’ operations.”
US innovation and technology company Attis Industries has completed its $20 million purchase of Sunoco’s 100-million-gallon-a-year corn ethanol plant and grain malting operation near Fulton, New York. Plastics Petrochemicals Crude Oil
BASF and SIBUR are collaborating to develop innovative polymer solutions at SIBUR’s PolyLab Research and Development Center in Moscow.
The signing ceremony of the Memorandum of Cooperation took place on May 30th at SIBUR’s newly inaugurated state-of-the-art PolyLab at the Skolkovo Innovation Center to seal the strong commitment from SIBUR and BASF.
The companies aim to develop industrial-scale PET chemical recycling to use in preform, bottle applications.
Plastipak Italia Preforme s.r.l., a subsidiary of Plymouth, Michigan-based Plastipak Packaging, has announced that it has entered into an exclusive partnership with Italy-based Garbo s.r.l. to develop and bring to market industrial-scale polyethylene terephthalate (PET) chemical recycling for use in preform and bottle applications, Plastipak reports in a news release.
Plastics Recyclers Europe has published a paper identifying the prerequisites for increasing recycling of flexible polyethylene into a high-quality raw material while ensuring a sustainable and cost-effective process.
With the converters’ demand of around 9 million tonnes, LLDPE/LDPE is the second biggest resin processed in the EU and consequently demonstrates a high recycling potential. However, today’s recycling rate of this resin is at the level of around 31%. This is caused by the fact that reaching for higher targets and higher quality of the recycled material from this stream is hampered by a number of challenges that need to be overcome in order to reach beyond the low hanging fruit.
Move to 100% rPET for Honest, Glacéau Smartwater, and Chaudfontaine expected to remove nearly 10,000 tons of virgin plastic in 2020. Another initiative sees Sprite in clear, easy-to-recycle bottles.
By Anne Marie Mohan, Senior Editor, Packaging World Coca-Cola’s Honest, Glacéau Smartwater, and Chaudfontaine brands will all be sold in bottles made from 100% recycled PET. Plastics Petrochemicals Crude Oil
Major activewear and outdoor brands, such as adidas, Columbia Sportswear, Nike, Patagonia and more, have all been releasing news about what’s new in their environmental efforts. Meanwhile, social media has proved successful for smaller brands offering products, such as recycled activewear and shoes. For consumers with a highly active outdoor lifestyle, it stands to reason that they seek products with maximum functionality and minimal environmental impact.
From 25-27 September, stand-out fabrics suitable for sportswear, swimwear and lingerie can be sourced from Functional Lab, at the 25th Autumn Edition of Intertextile Shanghai Apparel Fabrics.
The paraxylene (PX) market in Asia is expected to see a surge in new supply in the second half of the year, as new capacities are due to come on stream.
A female worker at a textile factory in Huaibei, China. Textiles are a major downstream industry for paraxylene (PX). (Source: Imagine China/Shutterstock)
Spot PX prices started the year on a strong note, spurred by strong buying activity due to a heavy turnaround schedule in the second quarter.
Buyers had been stocking up on inventories on expectations of tightening supply.
But supply has lengthened following the earlier-than-expected start-up of Hengli Petrochemical’s 4.5m tonne/year PX facility, exerting a downward pressure on prices.
Have you ever seen a really cool wild animal while on a road trip or just going outside? Well, those wild animals are being threatened by the ever-growing problem of plastic.
In the Scholastic News article “The Problem with Plastic it says,” “It affects not just the individual animals that eat plastic but the animals that eat those animals.” This implies that the food chain is a big factor to having plastic in animals because the plastic will just go around in a big circle from animal to animal. This doesn’t just include animals – it includes us too. Plastics Petrochemicals Crude Oil
Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade dispute, lending hope to the oil market that talks will resume after weeks of stalemate.
“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” President Trump tweeted on Tuesday morning.