Polymers Petrochemicals Bioplastic Graphene 12-07-2019

Polymers Petrochemicals Bioplastic Graphene

China – Polyethylene Terephthalate

PET and its chain are assessed mixed.

Crude oil today  is steady.

Polyamide 6 and its chain are firm.

Acrylonitrile is steady.

PET Bottle grade export 930/975 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,500/7,600 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,450/6,550 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,300 yuan/tonPX Korea 865/875 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,400/8,500  yuan/tonPolyester DTY 150D/48F  domestic market 9,800/9,900  yuan/tonPolyester Staple PSF domestic market 8,300/8,400 yuan/ton

Polymers Petrochemicals Bioplastic Graphene

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Graphene

-High Performance Nylon Market 2019: Growth, Share, Trends, And Segmentation Forecast (2019 – 2024)

High Performance Nylon Market 2019-2024 report additionally carries in-depth case studies on the assorted countries that are actively concerned within the High Performance Nylon production. associate analysis of the technical barriers, different problems, value effectiveness affecting the High Performance Nylon Market. determining the opportunities, way forward for the High Performance Nylon and its restraints becomes a lot easier with this report.

High Performance Nylon Market report contains a targeted socio-economic, political, and environmental analysis of the factors affecting the High Performance Nylon industry. The report contains an analysis of the technologies involved in production, application and much additional.

Polymers Petrochemicals Bioplastic Graphene

-Oil prices jump amid falling U.S. crude inventories

Oil prices rallied on Wednesday after newly-released data showed that U.S. crude stockpiles dropped more than expected.

U.S. crude oil inventories decreased during the week ending July 5, the U.S. Energy Information Administration said in a report on Wednesday.

Polymers Petrochemicals Bioplastic Graphene

-Carbon dioxide could be converted into graphene

Carbon dioxide is kind of painted as the villain of the 21st century, and it’s not enough to just reduce our emissions now – we need to remove some of what’s already in the atmosphere. Now, researchers at Karlsruhe Institute of Technology (KIT) have developed a simple way to turn the troublesome gas into a useful resource by converting it into the “wonder” material graphene.  Polymers Petrochemicals Bioplastic Graphene

Polymers Petrochemicals Bioplastic Graphene

-Bio-Polyamide, Specialty Polyamide and Precursors Market Gain Impetus due to the Growing Demand over 2025

Polyamide is among the more dominant of engineering plastics with applications in various end-user industries including automotive, electronics, construction, sports equipment and consumer goods.

Polyamide, also known as nylon occurs in nature in form of silk and wool and can be produced artificially through polymerization.

Polyamide-66 and polyamide-6 are among the most dominant artificially made polyamide employed mainly in the production of fibers.

Polyamides such as polyamide-11, polyamide-12 are employed primarily as engineering plastics.

Bio-Polyamide, Specialty Polyamide

-Oil jumps above $60 ahead of storm in Gulf of Mexico

US oil has surged above $60 a barrel amid concerns that Tropical Storm Barry could derail crude production in the Gulf of Mexico.

US oil futures for August delivery settled 4.5% higher at $60.43 on Wednesday, according to data from CME. That’s a seven-week high and the first time futures have edged above $60 since May 22, according to Refinitiv.

Prices moved even higher on Thursday after US officials said that five armed Iranian boats had unsuccessfully tried to seize a British oil tanker in the Persian Gulf.

Oil jumps above $60 ahead of storm in Gulf of Mexico

-BASF profit warning signals major chemicals slowdown in second half

BASF’s profit warning signals a major slowdown for the petrochemicals sector globally into the second half of the year.

On 9 July, the German chemical major warned that second-quarter earnings before interest and tax (EBIT) before special items would plunge by 47% after significantly weaker-than-expected industrial production negatively impacted volumes and margin development. Polymers Petrochemicals Bioplastic Graphene

BASF profit warning signals major chemicals slowdown in second half

-What Will Happen To Crude Oil If The Dollar Falls

Analysts have been publicly claiming that a dropin the value of the U.S. dollar is coming. Of course, this has implications for international trade, manufacturing, travel and the purchasing power of Americans.

It also has a direct impact on the price of crude oil. If the value of the U.S. dollar drops, the price of both Brent and WTI crude oil will rise.

Oil is almost always sold in U.S. dollars. Both Brent and Crude—the two main oil benchmarks—are traded in U.S. dollars.

When the value of the dollar drops, the price of crude must rise to have the same worth on the market. Similarly, when the dollar value rises, the price of crude should correspondingly drop.

BASF profit warning signals major chemicals slowdown in second half

-BASF Presenting Colors & Effects Pigments at K 2019

BASF will present innovation highlights from its range of Colors & Effects pigments for plastic applications at the K trade fair (booth C41, Hall 5) in Dusseldorf, Germany (Oct.16-23).

The new product launches include two new Lumina Royal effect pigments, Microlen Piano Black, and a black and red addition to the Sicopal product line, which are especially recommended for recycling materials and demanding applications.

Featuring these latest innovations as well as other key pigment chemistries, BASF’s Colors and Effects brand will reveal a customized Color Collection created by Pantone.

Comprised of three palettes with seven colors each, the collection will highlight current consumer trends and address how pigments can meet the plastic industry’s versatile colorant requirements with safe, reliable and brilliant performance.

BASF Presenting Colors & Effects Pigments at K 2019

-Opec cuts can’t prevent 2020 surplus due to US shale oil

Supplies from outside Opec will soar by 2.4-million bpd, with new shale-oil pipelines in the US meaning Opec+ may have to trim output further

A week after oil cartel Opec agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.

Opec, which pumps 40% of the world’s oil, estimated that it is producing about 560,000 barrels per day (bpd) more than will be needed next year as the ongoing surge in US shale threatens to deliver another surplus.

Opec cuts can’t prevent 2020 surplus due to US shale oil

-Invista announces startup of Sichuan shengda’s purified terephthalic acid plant

The technology and licensing group of Invista (Wichita, Kan.; www.invista.com), INVISTA Performance Technologies (IPT), Sichuan Shengda Chemical New Material Co. and Sichuan Energy Investment Chemical New Material Co., Ltd (Sichuan Energy) announced the successful startup of Sichuan Shengda’s purified terephthalic acid (PTA) plant. On-Specification production was achieved on May 24, 2019.

Invista announces startup of Sichuan shengda’s purified terephthalic acid plant

-Kivanç Tekstil Ties Up With Reliance to Make Eco-friendly Fabrics

Reliance Industries Ltd (RIL), India’s largest private sector company and the world’s biggest integrated polyester producer, has joined hands with Turkey’s textile behemoth, Kivanç Tekstil, to manufacture and market R|Elan™ GreenGold, a sustainable and innovative fabric 2.0, to leading apparel brands and consumers across the world.

Apart from manufacturing and marketing R|Elan™ GreenGold fabrics, Kivanç will be the exclusive distributor of Recron® GreenGold fibres to spinners, yarn manufactures and knitters across Turkey and it will offer the best quality eco-friendly textile solutions to brands and retailers to meet the ever growing demand of environment friendly apparels.

Kivanç Tekstil Ties Up With Reliance to Make Eco-friendly Fabrics

-Accelerating exports of garment & textile products to the EU market

The recent signing of the Vietnam-European Union (EU) Free Trade Agreement (EVFTA) is expected to open up numerous chances for Vietnam’s garment & textile businesses to boost exports and expand markets.

However, in order to fully tap into the opportunities, enterprises are required to further invest in purchasing modern equipment and improve administration work and quality of products, aiming to enhance their competitiveness.Polymers Petrochemicals Bioplastic Graphene

Accelerating exports of garment & textile products to the EU market

-European Commission cuts eurozone 2020 growth forecast on slow H2

Economic growth prospects for the eurozone have dimmed slightly next year, the European Commission said on Wednesday , on the back of more moderate expectations for the second half of 2019.

The Commission reduced its eurozone 2020 GDP growth forecast to 1.4%, a 0.1 percentage point drop from its previous outlook for 19-country currency union, on the back of projections of slower growth from spring onwards.

Central and eastern European growth was offset by weakness in Germany and Italy, the EU’s executive body said.

Eurozone growth projections for this year were left unchanged at 1.2%.

European Commission cuts eurozone 2020 growth forecast on slow H2

-Piave Maitex presents smart performance in New York

Piave Maitex, recognised as a preferred partner for the textiles industry, will present Again, the company’s advanced line of sustainable and responsible innovation at the upcoming Functional Fabric Fair, which takes place from 22-23 July in New York.

During the Functional Fabric Fair, the trade-exclusive event where the latest trends in fabric development for the functional textiles industry are showcased, Piave Maitex presents Again a smart and technically advanced line, that balances performances, functionality and sustainable features, formed of highly performing jerseys.

Polymers Petrochemicals Bioplastic Graphene

-New Technology for H2S Removal in Crude Oil

Non-amine, Non-glyoxal, Non-aldehyde H2S Scavenger

Q2 Technologies, the developer of triazine based Scavengers, has now brought to market an innovative H2S Scavenger for crude oil applications. Refineries, production streams and crude oil terminals can eliminate fouling from triazine based Scavengers when treating oil with Pro3® while maintaining similar costs.

H2S Scavengers for crude oil applications

H2S Scavengers for crude oil applications

Q2 Technologies, the developer of triazine based Scavengers

Q2 Technologies, the developer of triazine based Scavengers

The Pro3® series is the next generation of scavengers replacing MEA-triazine in liquid hydrocarbon streams. Field tests show reduction in chemical treatment cost, logistics and fouling-corrosion problems in splitters and refining units. Pro3® will react with the H2S molecules and turns them into aqueous non-toxic sulphate salt. The heavier sulphate salt molecule will drop into produced water stream. The chemical reaction is fast and irreversible. Polymers Petrochemicals Bioplastic Graphene

New Technology for H2S Removal in Crude Oil

Please follow and like us: