Polymers Petrochemicals Bioplastic rPET 10-07-2019

Polymers Petrochemicals Bioplastic rPET

China – Polyethylene Terephthalate

PET and its chain are in downward trend, with PX’s exception.

Crude oil today  is strong.

Polyamide 6 and its chain are steady .

Acrylonitrile is weak.

PET Bottle grade export 940/980 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,450/7,550 yuan/ton – PET Filament grade BR domestic market 7,500/7,600 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,400/6,500 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,350 yuan/tonPX Korea 835/850 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,350/8,450  yuan/tonPolyester DTY 150D/48F  domestic market 9,800/9,900  yuan/tonPolyester Staple PSF domestic market 8,350/8,450 yuan/ton

Polymers Petrochemicals Bioplastic rPET

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic rPET

-Industry looks ahead to October at K2019 Preview

The plastics industry and media descended on Düsseldorf for the K2019 Preview, the final event before the show itself in October.

The Preview saw over 75 journalists from across the world and representatives from over 15 companies attend the Preview at Messe Düsseldorf, with sustainability and circular economy high on the agenda. Polymers Petrochemicals Bioplastic rPET 

Polymers Petrochemicals Bioplastic rPET

-Monoethylene Glycol (MEG) Market Advanced Technologies and Innovations 2023

A sweet syrupy liquid, which is colorless, odorless in its purest form is known as Monoethylene glycol (MEG). Mono-ethylene Glycol (MEG) is find its usage in chemical intermediates for humectants, chemical intermediates, freezing point depression, solvents, resins, and solvent couplers.

These applications are considered crucial in the manufacturing of a wide variety of products, such as coolants and automotive antifreeze, deicing fluids, asphalt emulsions and latex paints, heat transfer fluids, resins, leather and paper, electrolytic capacitors, textile fibers, and water-based adhesives.

Polymers Petrochemicals Bioplastic rPET

-U.S. Producers of Polyethylene Terephthalate (PET) Sheet File Trade Petitions Against Oman, South Korea, and Mexico

Today, three major U.S. plastics extruders – Advanced Extrusion Inc., Ex-Tech Plastics, Inc., and Multi-Plastics Extrusions, Inc. – filed a petition alleging that imports of polyethylene terephthalate (PET) sheet from Oman, Korea, and Mexico are being sold at less than fair value in the United States and causing material injury to the domestic industry.  The petitioning domestic producers asked the U.S. government to investigate the dumping and injury, and to impose antidumping duties on the imports of PET sheet from the subject countries.

The petition alleges that producers in each of the three countries are dumping PET sheet in the U.S. market at sizeable margins:

Polymers Petrochemicals Bioplastic rPET

-K 2019 – New products from plastic waste

ChemCycling project focuses on recycling plastic waste in chemical production rather than disposing of it.

Plastic waste is converted into new raw materials by thermo-chemical processes and fed into the BASF Verbund in place of fossil resources.

The resulting new chemical products have the same quality as products from fossil raw materials.

More and more companies from the plastics industry are working on improving the recyclability of plastics and thus helping to create a circular economy. One way that BASF is contributing is the ChemCycling project.

Polymers Petrochemicals Bioplastic rPET

-Sidel joins Ellen MacArthur Foundation Circular Economy commitment

Sidel has joined the New Plastics Economy Global Commitment by the Ellen MacArthur Foundation and UN Environment to address plastic waste and pollution.

The New Plastics Economy Global Commitment includes taking action to eliminate problematic or unnecessary plastic packaging through redesign, innovation and new delivery models and embracing reuse models with the aim of 100% of all plastic packaging to be reusable, recyclable, or compostable. Polymers Petrochemicals Bioplastic rPET 

Polymers Petrochemicals Bioplastic rPET

-BASF, Borealis, Südpack, and Zott present prototypes of food packaging made from 100 per cent recycled material

BASF, Borealis, Südpack, and Zott have come together on a pilot project that has seen multilayer food packaging made from 100 per cent recycled materials.

The project was made possible thanks to the collaboration, with BASF supplying chemically recycled polyamide, and Borealis providing sustainably produced polyethylene, with Südpack using these materials to produce multilayer film for a specially sealed packaging for Zott Gourmet Dairy.

Polymers Petrochemicals Bioplastic rPET

-Syngas is the key to packaging sustainability

University of Florida professor Bruce Welt, Ph.D., shares the main takeaways from the first meeting of the Industry Consortium for Advanced Recycling, which took place June 12-13.

Welt_1.pngWelt_2.pngIf syngas is the key to packaging sustainability, why haven’t you heard of it? Why isn’t syngas part of your company’s sustainability strategy? Syngas may offer the closest thing to the perfect path for robust, truly circular, chemical recycling.

What is syngas? Syngas is primarily a mixture of carbon monoxide and hydrogen, the reactive building blocks of virtually all plastic packaging materials.

Polymers Petrochemicals Bioplastic rPET

-Is oil price cartel Opec on the verge of collapse?

“Opec might die,” admitted Iranian oil minister Bijan Zanganeh to a pack of reporters at the crude cartel’s meeting in Vienna last week. “It has lost its authority and it is on the verge of collapse.”

The oil price barely flinched after the 14-nation group announced a nine-month extension to production cuts propping up prices.

Opec’s market-moving power appears to be waning and forecasters expect its share of global production to sink to its lowest level in almost three decades.

Polymers Petrochemicals Bioplastic rPET

-Arkema to further extend its presence in the Kingdom of Saudi Arabia with the acquisition of ArrMaz

On July 1st 2019, Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets with a strong presence in Saudi Arabia. Thanks to this acquisition, Arkema will support the development of its customers in the region with top quality technical and logistics services.

ArrMaz offers tailored and sustainable solutions for the specific and ever-changing needs of its customers in a variety of industrial markets. In Kingdom of Saudi Arabia, ArrMaz offers a wide range of additives in the mining market to help optimize grade recovery and process performance in mining operations.

Polymers Petrochemicals Bioplastic rPET

-Upstream PP inventories at their lowest point in 15 years

Trading activity did not set off any fireworks, perhaps, but the spot resin markets began July moderately busy.

A nice flow of processor buy orders came in through mid-week, reflecting some seemingly pent-up demand at the start of the third quarter, reports the PlasticsExchange (Chicago) in its Market Update.

Upstream PP inventories at their lowest point in 15 years

-Pretium Packaging invests in new hot-fill capable PET blow molding equipment for Alabama plant

The equipment is capable of producing both cold- and hot-fill PET containers

Pretium Packaging, a leading North American manufacturer of plastic containers and closures, has made a $2 million dollar investment in new reheat stretch polyethylene terephthalate (PET) blow molding equipment and infrastructure for its Troy, Alabama manufacturing plant.

Polymers Petrochemicals Bioplastic rPET

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