Polymers Petrochemicals Biochemicals Recycling 07-03-2019

  • China – Polyethylene Terephthalate

PET and its chain continue to be in good health,only MEG is weak.

  • Polyamide6 and its chain continue to be steady.

PET Bottle grade export 1,065/1,110 $/ton – PET Bottle grade domestic market 8,550/8,700 yuan/ton – PET Filament grade SD domestic market 7,950/8,050 yuan/ton – PET Filament grade BR domestic market 8,000/8,100 yuan/ton

PTA Taiwan 855/870 $/ton – PTA domestic market 6,750/6,900 yuan/ton – MEG $ 650/670 $/ton – MEG domestic market 5,200/5,350 yuan/ton – PX Korea 1,110/1,120 $/ton

POY 150D/48F  domestic market 8,800/8,900  yuan/ton – DTY 150D/48F  domestic market 10,550/10,700  yuan/ton – PSF domestic market 8,850/8,950  yuan/ton

Polymers Petrochemicals Biochemicals Recycling

Crude Oil Prices Trend

Crude oil futures sank on Wednesday after U.S. government data showed an unexpectedly sharp build in crude inventories, but a third weekly draw down in gasoline stocks kept losses at bay.

A drop in U.S. equity indexes also weakened sentiment in crude prices.

Brent crude futures fell 12 cents, or 0.2 percent, to $65.74 a barrel by 1:40 p.m. EST (1840 GMT). U.S. crude oil futures fell 46 cents, or 0.8 percent, to $56.10 a barrel.

U.S. crude inventories rose 7.1 million barrels last week, far exceeding analysts’ expectations for an increase of 1.2 million barrels, the Energy Information Administration (EIA) said.

Polymers Petrochemicals Biochemicals Recycling

A new report from WWF International warns that the amount of plastic waste in the world’s oceans will reach 300 million tons by 2030. According to the researchers, plastic pollution will likely double over the next decade and nearly a third of all plastic produced will make its way into the environment.

The experts found that only around 20 percent of plastic is recycled globally, while 39 percent ends up in the landfill and 15 percent is incinerated. The study also revealed that carbon dioxide emissions from burned plastic will triple by 2030.

Dr. Lyndsey Dodds, the Head of UK & EU Marine Policy, explained: “Plastic is choking the planet, from emissions caused in its production to the animals harmed when it leaks into our oceans.”

“Nature is not disposable, it is essential – we need it for our health, wealth and security. This is a global problem that requires a global solution and that is why we are calling for a legally binding United Nations agreement to stop the leakage of plastics into our planet’s oceans by 2030.”

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