Polymers PET Petrochemicals rPET Oil 02-01-2019 - Arhive
-China – Polyethylene Terephthalate
PET and its chain begins the new year downhill.
PET Bottle grade export 990/1,020 $/ton – PET Bottle grade domestic market 7,750/7,850 yuan/ton – PET Filament grade SD domestic market 7,600/7,750 yuan/ton – PET Filament grade BR domestic market 7,600/7,850 yuan/ton
PTA Taiwan 810/825 $/ton – PTA domestic market 5,850/6,000 yuan/ton – MEG $ 615/630 $/ton – MEG domestic market 5,000/5,150 yuan/ton – PX Korea 9,00/920 $/ton
POY 150D/48F domestic market 8,200/8,350 yuan/ton – DTY 150D/48F domestic market 9,950/10,050 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
Crude Oil Prices Trend
Viewpoint: Europe PX prices to align with Asia-Pacific Europe paraxylene prices Asia
European paraxylene (PX) spot prices will rise towards parity with those in the Asia-Pacific region in the first half of 2019, when a tighter European market will require imports from the Middle East. Europe paraxylene prices Asia
European demand is satisfied mainly through contract supply, pricing of which closely reflects Asia-Pacific levels; spot pricing has been at a discount.
Increased demand is likely to encourage producers to make more spot product available and this may move spot prices closer to contract levels.
Invesco China Technology ETF Declines 0.35%
Invesco China Technology ETF looks negative with 0.35% gain so far, reaching $39.68 per share. With net assets of 482.99M and 2.40% volatility for this month.
Till now 266,955 shares traded hands. The avg volume is 243,790 over the last month for Invesco China Technology ETF .
The ATR of ETF is 1.46, that’s -37.17% of its 52-Week High and 11.69% of its 52-Week Low. The current year and quarter performance are: -30.67% and -7.42%.
Invesco China Technology ETF had performance of -27.45% YTD, 1 year of -27.54% and 3 years of 7.42%.
European Biotech’s Biggest News of 2018
With this year coming to a close, it’s now time to look back at the biggest biotech news stories of 2018 in Europe, which include CRISPR-Cas9 controversy, big financial deals, and spider silk airplanes.
The year 2018 brought a lot of change to the biotech industry in Europe, with clinical trials, approvals and Brexit looming on the horizon.
Without a doubt, 2019 is going to have just as much exciting advances as this year, so before we take the plunge into the new year, let’s have an overview of what made the headlines in 2018.
$70 Oil Could Be Right Around The Corner
Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the resurgence of U.S. oil production, now reaching over 11 million barrels per day.
Added to the cocktail of uncertainty are also a myriad of geopolitical and economic factors, including ongoing U.S.-China trade tensions, angst of U.S. Federal Reserve policy, and wars in Syria, Yemen and elsewhere, which make it increasingly difficult to forecast the direction for future oil prices.
Kiian Digital to debut reactive inks at Heimtextil
Digistar Bellagio reactive inks line. © JK GroupJK Group, part of Dover Digital Printing and Dover, will attend the Heimtextil trade event for interior textiles trends in Frankfurt, Germany, next month. JK Group will use this platform to unveil Kiian Digital’s reactive inks line, Digistar Bellagio, designed for direct printing onto cotton and the other cellulosic fibres.
“We are excited to put forward, in this important textile context, Digistar Bellagio, which is the natural complement of the Kiian Digital’s current textile product portfolio,” said Marco Girola, JK Group Marketing Manager. “Digistar Bellagio was born from the synergy of highly specialized teams in digital textile printing, MS Printing Solutions & JK Group.
Oversupply, faltering growth seen to weigh on oil prices in 2019
An oil tanker sits anchored off the Fos-Lavera oil hub near Marseille, France (file). Oil prices have fallen more than 40% from multi-year highs reached in early October on concerns about the impact of a trade dispute between the US and China on global economic growth and demand for oil.
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the US, and slowing economic growth undermine Opec-led efforts to shore up the market, a Reuters poll showed yesterday.
The cotton market remained devoid of trading activity as buyers and sellers remained to the sidelines on Monday.
The year closing session was highly depressing with little hope of buoyancy in coming days.
In the absence of trading interest, the phutti (seed-cotton) prices also moved lower between Rs100-200 per 40kg.
Sindh phutti was being quoted between Rs3,000-3,800; Punjab remained in the range of Rs3,000-3,900 and Balochistan variety between Rs3,200-3,800 per 40kg.
The Yomiuri ShimbunRaw material manufacturers are searching for alternatives to plastic as restaurants and retailers reduce their reliance on plastic products amid global concern over polluted oceans.
Companies from different industries have begun to view the trend as a new business opportunity and are making inroads into the burgeoning market.
Oil posts first year of losses since 2015
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran.
For the year, U.S. West Texas Intermediate crude (WTI)futures slumped nearly 25 percent, while Brent tumbled more than 19.5 percent.
The market had been on track for solid gains for the year until October, when the United States granted larger-than-expected waivers to importers of Iran’s oil, and as demand in emerging economies started to sag.
That combination dragged down both benchmarks from four-year highs above $76 a barrel and $86 a barrel, respectively, and even a late-year decision by the Organization of the Petroleum Exporting Countries and its allies including Russia, known collectively as OPEC+, to ratchet down output was not enough to restore bullish sentiment.
Oversupply, faltering growth to weigh on oil prices in 2019: Reuters poll
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the market, a Reuters poll showed on Monday.
A survey of 32 economists and analysts forecasts the North Sea Brent crude oil benchmark LCOc1 will average $69.13 per barrel in 2019, more than $5 lower than last month’s projection.
The fears of a commercial war between the US and China, the Trump-Fed conflict on the rates – There is a spectrum which hovers to Europe: that of the recession.
2019, according to many experts, will be characterized by uncertainty. Political uncertainty, but above all economic, which, according to the analysts of Agi, will be due in particular to seven large “special observed” of the coming year.
(Italian Language Only)
Traders cautioned over use of bioplastics
Trichy: As the ban on single-use plastics comes into effect on Tuesday, there is confusion among traders on the usage of bio-plastic bags as an alternative. Producers of such bags have been approaching traders claiming that these are biodegradable whereas food safety officials have been cautioning them to check the certificate first.
According to the officials, producers of bioplastic bags have to obtain the mandatory certificate from Central Institute of Plastics Engineering & Technology (CIPET) Chennai, apart from the licence from state and central pollution control board. G Renganathan, 47, who runs a hotel at Alangudi in Pudukottai district is one among those to be affected the worst since he uses plastic pouches to pack liquid food. He was approached by a trader selling bioplastic and he was planning to adopt it.
DMX introduces blockchain technology for the automotive industry
Dealer Market Exchange’s latest innovation presents an opportunity for car dealers, makers, vendors and consumers to conduct business together using the blockchain system.
VINblock pilots the blockchain solutions menu for the automotive community. It is designed to track the lifetime activity of any vehicle by its unique Vehicle Identification Number, thus creating a new business network among its participating users.
Here’s why these 3 things are the automotive fails of 2018
Battery cars and autonomous driving were predicted to be the crucial issues for 2018, but instead, the most pressing threats to our driving democracy were political.
For South African car fans, political issues beyond their immediate control were the biggest fails of 2018.
Autonomous everything
Our lives are so digital that we often forget analogue systems still control almost all cars. Because devices have woven themselves so intimately into the fabric of our existence, the addiction we have to all things digital is often misinterpreted as trust.
Toray to integrate textile manufacturing subsidiaries31
Toray Industries, Inc, has announced a policy to integrate the management of its two textile manufacturing subsidiaries in Thailand –Thai Toray Textile Mills Public Company Limited (TTTM) and Luckytex Public Company Limited (LTX) –at the respective board of directors meetings and approved to convene general shareholders’ meetings for the integration.
Going forward, TTTM and LTX will drive forward the prescribed procedures for management integration including approval by the general shareholders’ meetings and aim to start operations as a new company in July 2019. Toray will announce the name of the new company and the scheduled date of starting operations immediately after the formal procedures are complete, according to a press release by Toray.
Pore Size and Air Permeability Of Four Nonwoven Fabrics
The relationship between pore size and air permeability in two spunlaced fabrics and two spunbonded/meltblown/spunbonded (SMS) fabrics were investigated. Minimum, maximum and mean flow pore sizes were determined using liquid porosimetry. The influence of fabric weight and thickness on air permeability and pore sizes was also evaluated. For the spunlaced fabrics, air permeability was
most highly correlated with mean flow pore size, while there was a significant correlation between air permeability and maximum pore size for the SMS fabrics. Liquid porosimetry is a useful technique in
assessing pore sizes of nonwoven fabrics and can also aid in understanding the mechanism of air permeability.
