Polymers PET Petrochemicals Automotive 08-01-2019

Traded Prices ($) of Naphtha

Polymers PET Petrochemicals Automotive

-China – Polyethylene Terephthalate

PET and its chain continue to be assessed mixed.

PET Bottle grade export 990/1,035 $/ton – PET Bottle grade domestic market 7,850/7,950 yuan/ton – PET Filament grade SD domestic market 7,550/7,700 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton

PTA Taiwan 790/815 $/ton – PTA domestic market 6,100/6,200 yuan/ton – MEG $ 615/630 $/ton – MEG domestic market 5,050/5,150 yuan/ton – PX Korea 9,70/980 $/ton

POY 150D/48F  domestic market 8,000/8,150  yuan/ton – DTY 150D/48F  domestic market 9,950/10,050  yuan/ton – PSF domestic market 8,750/8,850  yuan/ton

Polymers PET Petrochemicals Automotive

Crude Oil Prices Trend

Polymers PET Petrochemicals Automotive

Loop Industries join forces with Thyssenkrupp to help transform PET manufacturing

Loop Industries and Thyssenkrupp to work together to shape the future of PET and polyester manufacturing

Technology firm Loop Industries has announced a strategic alliance with polyester technology company Thyssenkrupp to help shape the future of PET and polyester manufacturing.

The ‘Global Alliance Agreement’ is with Thyssenkrupp’s industrial solutions division, Uhde Inventa-Fischer GmbH and aims to combine Loop Industries’ depolymerisation technology with its PET Melt-To-Resin technology.

This alliance has the intention to provide a rapidly scalable Waste-to-Resin (WTR) solution to supply the global demand for 100% sustainable PET and polyester plastic.

Polymers PET Petrochemicals Automotive

Biopolymers Market Is Booming Worldwide

A fundamental outline of the Biopolymers Market niche is presented by the “Biopolymers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” report that entails definitions, classifications, applications together with industry chain framework. The complete information about the global Biopolymers Market ranging from the basic introduction and history of the market to the analyzed data regarding the market growth and development are provided in the global Biopolymers Market report.

Partial accessibility of petroleum resources, changeability in crude oil prices, and increasing awareness towards ecological issues are key aspects driving the expansion of the biopolymers market in the coming future. Changing ecological regulations on carbon emissions and political conditions and the restrictions on the usage of plastic are also expected to drive the global biopolymers market in the next few years. In spite of being a recessed market, the market is anticipated to experience the considerable growth rate in the coming future.

Polymers PET Petrochemicals Automotive

OUTLOOK ’19: Asia PX supply to lengthen on new capacities

Supply of paraxylene (PX) inAsia should gradually lengthen as a result ofPX capacity expansion growth,driven by twolarge production units coming on stream in thekey China market this year.

Hengli Group’s PXnew capacity would stand at around 4.5mtonnes/year, while Zhejiang PetrochemicalCorporation will be able to produce 4mtonnes/year of PX.

PX is a feedstock for purified terephthalicacid (PTA), which mainly goes into polyesterfibres and polyethylene terephthalate (PET).

Around 98% of PX is used for PTA or dimethylterephthalate (DMT) production.

China is the key PX demand hub globally, withthe country being net-short and heavily relianton imports.

Furthermore, global demand growth is mainlydriven by China, with China’s PTA productioncapacity standing at around 57% of total globalPTA production capacity.

Polymers PET Petrochemicals Automotive

Shell starts production at new US alpha olefins unit

Shell has started production atits fourth alpha olefins (AO) unit at itsGeismar, US, complex, bringing total productionof the material at the site to 1.3mtonnes/year, the Anglo-Dutch energy andpetrochemicals major said on Monday.

The company began to bring the 425,000tonne/year unit online in December, and wascompleted within budget, according to Shellglobal chemicals vice president Graham van’tHoff.

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Bethge installs new Monforts machines in record time

Bethges plant manager Frank Katzenstein. © MonfortsBethge AG Textilveredlung, a commission fabric finisher since 1834, based in Switzerland, has installed two new energy-saving six-chamber Montex stenters, as well as a Monfortex compressive shrinkage range, to replace the machinery damaged during the heavy storms that broke in July 2017. Particularly badly affected was the town of Zofingen in the canton of Aargau, where Bethge operates.

“It started with the hail, the most fierce hail storm I’ve ever seen, with stones as long as four centimetres. This was enough to close all of the local roads and then the rain started and just didn’t stop – and the flooding and landslides began,” recalled the company’s plant manager Frank Katzenstein.

Polymers PET Petrochemicals Automotive

Swindon eyes up ground-breaking facility that recycles ‘all plastic’

Swindon Borough Council has today (7 January) announced that it is working on plans to deliver an advanced recycling facility for practically all plastics, including crisp packets and plastic film.

As things stand, major problems in the plastic recycling industry are costing local councils in England up to £500,000 extra a year

As things stand, major problems in the plastic recycling industry are costing local councils in England up to £500,000 extra a year

The proposed facility would employ a feedstock recycling machine provided by specialists Recycling Technology, which can convert plastic waste back into oil, from which new plastics can be made.

In doing so, it is said that Swindon would host the first advanced plastics recycling facility (aPRF) site in England, and the second such building in the UK.

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Filatex India is amongst top 5 manufacturers of polyester filament yarns

The global demand for polyester fibre is growing at around 5%, which means that the increase in demand will be approx.

Filatex India Limited is a polyester and polypropylene multifilament yarn and polyester chips manufacturer and Mr Madhu Sudhan Bhageria, the Chairman & Managing Director is a first generation entrepreneur with around four decades of experience.

Filatex India Limited is amongst top five manufacturers of polyester filament yarns. We have two manufacturing facilities at Dadra & Nagar Haveli and Dahej which are equipped with state of the art modern German machines.

Polymers PET Petrochemicals Automotive

U.S. crude starting to seep back to China, but needs lower price

U.S. crude oil is starting to trickle back to China with three cargoes slated to arrive next month, but volumes are still a long way off levels prior to the outbreak of trade hostilities between the world’s two largest economies.

Vessel-tracking data compiled by Refinitiv shows three tankers carrying 3.94 million barrels are en route from the United States to China and will arrive in February.

Prior to the tit-for-tat tariffs being imposed from the middle of last year, crude oil was a success story in the U.S.-China trade relationship as Beijing bought increasing volumes of booming U.S. shale oil production.

Polymers PET Petrochemicals Automotive

Moody’s predicts volatile year for oil and gas prices in 2019

The annual report of Moody’s Investors Service has predicted that prices of Oil and natural gas will be volatile in 2019.

The report, which outlined key credit themes in oil and gas for 2019, noted that while the recent announcement that OPEC and Russia would cut production helps alleviate concerns about oversupply, the pivotal questions in the coming year is whether OPEC and Russia would maintain their production discipline and what might happen in June, when the current agreement expires.

Polymers PET Petrochemicals Automotive

Asia petrochemicals outlook, w/c Jan 7

The Asian petrochemical markets were last week affected by a rebound in crude oil prices by 4.6% which saw some petrochemical market prices rise firmly as well. However, other markets remained quiet and sluggish in the wake of holidays and may only see an increase in activity in the week to follow.

The Asian butadiene market closed on firmer pricing last Friday, as concerns over supply issues and aggressively rising spot prices in China caused regional import indications to rise. Week on week, the CFR China marker rose $10/mt to $1,195/mt last Friday following domestic price increases in the wake of production issues.

Asia’s ethylene market would likely remain bearish this week after a week-on-week fall of $60/mt to $870/mt CFR Northeast Asia last Friday, pressured by ample supplies in Southeast Asia and the Middle East.

Polymers PET Petrochemicals Automotive

KIZAD POLYMERS PARK OPENS SUSTAINABLE MATERIALS INNOVATION IN ABU DHABI

KIZAD, the industrial free zone and subsidiary of Abu Dhabi Ports, is now the home of the KIZAD Polymers Park. Catering to a wide variety of markets, including 3D printing and material composites, the park is set to contribute an estimated $500 million to exports from the UAE each year.

Launched with the objective of bringing foreign investments to the region, KIZAD has already earned the support of 20 local polymer companies, and is in partnership with key raw materials suppliers. The park also has an environmental conscience concerning plastics.

Polymers PET Petrochemicals Automotive

U.S. Eagle Ford oil growth to stall in 2019 amid weak prices

Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat into cash flows.

Production has already started slowing. Supplies this month are expected to average below 1.3 MMbod for the first time since May, according to consulting firm Rystad Energy AS. If West Texas Intermediate crude prices stay under $50/bbl, output could fall as low as 1.2 MMbbl by year-end, said Artem Abramov, Rystad’s V.P. of shale analysis. That’s 12% below the two-year high reached in October.

Polymers PET Petrochemicals Automotive

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