Polymers Petrochemicals Biodegradable PET 04-07-2019 - Arhive
Polymers Petrochemicals Biodegradable PET
China – Polyethylene Terephthalate
PET and its chain are about steady, with exception of PX.
Crude oil contiues to be on roller coasters.
Polyamide 6 and its chain continue to be in health .
Acrylonitrile is always weak.
PET Bottle grade export 955/995 $/ton – PET Bottle grade domestic market 7,750/7,850 yuan/ton – PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton
PTA Taiwan 740/750 $/ton – PTA domestic market 6,350/6,450 yuan/ton – MEG 555/565 $/ton – MEG domestic market 4,300/4,400 yuan/ton – PX Korea 825/840 $/ton Polymers Petrochemicals Biodegradable PET
Polyester POY 150D/48F domestic market 8,800/8,900 yuan/ton – Polyester DTY 150D/48F domestic market 10,050/10,150 yuan/ton – Polyester Staple PSF domestic market 8,350/8,450 yuan/ton
Crude Oil Prices Trend Polymers Petrochemicals Biodegradable PET
-The June contract price of MEG in Europe decreased by EUR60 per ton
The contract price of monoethylene glycol (MEG) for June in Europe was finally agreed at the level of EUR695 per ton, which is EUR60 per ton lower than the previous month, ICIS reported.
The contract price of MEG for May shipments was agreed on the terms of delivery FD NWE (with delivery to North-Western Europe).
So, last month the contract price for the material was agreed between one buyer and one seller in the European market at the above level, but then the necessary configuration for approving the contract price was not achieved: confirmation must be received from two producers / sellers and two consumers / buyers.
-ALPLA collaborates with PTT on potential recycling plant
Austrian converter ALPLA is to collaborate with PTT Global Chemical (GC) on a feasibility study for the construction of a recycling plant in Thailand.
With two of its own recycling plants in Austria and Poland and joint ventures in Germany and Mexico, ALPLA has become a preferred partner for PET recycling and is now looking at extending in Thailand on this front.
-US June ethylene contracts fall amid lower costs
US June ethylene contracts settled down by 0.75 cent/lb from May for a majority of the market as lower production costs outweighed a mid-month spot-price uptick.
The settlement puts June contracts at 23.5 cents/lb ($518/tonne) DEL (delivered).
US ethylene contract prices are typically settled at the beginning of the month for the prior month and track spot prices and production costs.
Front-month ethylene traded at 11.750-14.625 cents/lb in June amid some brief supply constraints, compared with 12.250-13.500 cents/lb in May.
-P&G hopes to develop recyclable diapers in battle against waste
Procter & Gamble Co., facing an industrywide backlash against consumer waste, is seeking a patent that would help it develop recyclable versions of absorbent products including diapers, sanitary products and even cleaning wipes.
Because many absorbent products today use multiple kinds of plastic and other materials, they’re hard to separate during trash sorting and nearly always end up in landfills, the consumer products giant said in its patent application, published last week. By reducing the number of components and using more sustainable ones, P&G said it could simplify the separation process and make the recycling of single-use goods more feasible.
-Jabil Packaging Solutions launches Sustainable Packaging Services to accelerate innovation
Jabil Packaging Solutions (JPS; St. Petersburg, FL), a division of Jabil Inc., introduced a new suite of Sustainable Packaging Services that enable packaged goods brands to rapidly design and deliver innovative sustainable packaging formats into the marketplace. Companies producing consumer packaged goods (CPGs) are at “a turning point,” said JPS, and they need to find “smart ways to make their products and packaging sustainable or face increasing regulations, taxes and pushback from consumers.”
-No pressure as Sidel goes even lighter
Sidel has introduced a 500ml PET packaging solution for non-pressurised still water that its creator claims is the lightest bottle of its size and application in the world. has also been optimised by the company’s engineers for the Sidel Super Combi, integrating five process steps: preform feeding, blowing, labelling, filling/capping and cap feeding.
“Based on a dedicated preform design for optimal mechanical performances, this latest addition to our packaging portfolio is able to withstand label application on the empty bottle, in spite of its extremely light weight.
-EU-Mercosur FTA opens opportunity for textile industry
Euratex, the European Apparel and Textile Confederation, has welcomed conclusion of negotiations for a comprehensive Free Trade Agreement (FTA) between EU and Mercosur (Argentina, Brazil, Paraguay and Uruguay). Euratex ensured that the FTA was fit for textile and clothing companies also preserving social and environmental standards in making high-quality products.
-Kelheim Fibres Wins World Of Wipes Innovation Award
During the World of Wipes in Atlanta, the Bavarian manufacturer of viscose speciality fibres has been presented with the World of Wipes Innovation Award.
The award recognizes the newly developed Danufil®QR fibre, a positively charged viscose fibre, that was specifically designed for use in disinfectant wipes: Danufil® QR is the only viscose fibre worldwide that – in contrast to standard viscose fibres – binds less than 10% of “quats” (quarternary ammonium compounds), so that this common disinfectant can release its intended effect in the wipe.
-U.S. Considers Allowing China To Import Oil From Iran
The U.S. Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield, Politico reported on Wednesday, citing U.S. officials and sources.
The Trump Administration is discussing issuing China a waiver to a 2012 U.S. act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, three U.S. officials told Politico.
