Polymers Petrochemicals Bioplastic Sanctions 16-07-2019 - Arhive

Polymers Petrochemicals Bioplastic Sanctions

China – Polyethylene Terephthalate

PET and its chain are very weak.

Crude oil today  is steady.

Polyamide 6 and its chain are steady.

Acrylonitrile is weak.

PET Bottle grade export 920/970 $/ton PET Bottle grade domestic market 7,650/7,750 yuan/ton PET Filament grade SD domestic market 7,250/7,400 yuan/ton – PET Filament grade BR domestic market 7,350/7,500 yuan/ton

PTA Taiwan 785/795 $/ton PTA domestic market 6,250/6,350 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,300 yuan/tonPX Korea 835/845 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,100/8,200  yuan/tonPolyester DTY 150D/48F  domestic market 9,500/9,600  yuan/tonPolyester Staple PSF domestic market 8,050/8,100 yuan/ton

Polymers Petrochemicals Bioplastic Sanctions

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Sanctions

-China June crude oil throughput rises to record on new plants

Crude processing volumes last month reached 53.7 million tonnes, or about 13.07 million barrels per day (bpd), beating the previous record in April of 12.68 million bpd, according to figures from the National Bureau of Statistics (NBS).

China’s crude oil throughput rose to a record in June, up 7.7% from a year earlier, following the start-up of two new, large refineries, official data showed on Monday.

Crude processing volumes last month reached 53.7 million tonnes, or about 13.07 million barrels per day (bpd), beating the previous record in April of 12.68 million bpd, according to figures from the National Bureau of Statistics (NBS).

Polymers Petrochemicals Bioplastic Sanctions

-Government helps fund new plant for New Zealand’s first 100% recycled plastic food packaging

Associate Environment Minister Eugenie Sage today announced a significant investment in a new plant to create New Zealand’s first 100% recycled plastic food packaging range as part of the wider plan to tackle the plastic pollution challenge.

A $3 million grant from the Ministry for the Environment’s Waste Minimisation Fund is being made to Pact Group (NZ) Ltd. The grant will enable the company to create a range of 100% recycled food packaging across ten common product lines such as: meat and bakery trays, and, deli, food and produce containers at its Auckland plant.

Polymers Petrochemicals Bioplastic Sanctions

-India’s June trade deficit narrows to $15.28 billion

Merchandise exports fell 9.71% to $25.01 billion in June compared with a year earlier, and imports were down 9.06% at $40.29 billion, the data showed.

India’s trade deficit narrowed to $15.28 billion in June from $16.6 billion in June 2018, the trade ministry said in a statement on July 15. Polymers Petrochemicals Bioplastic Sanctions

Polymers Petrochemicals Bioplastic Sanctions

-Introducing Domo Film Solutions and Nyleen, a line of sustainable nylon films

Materials engineering company Domo Chemicals (Leuna, Spain) is changing the name of its cfp flexible packaging business to Domo Film Solutions, effective immediately. The stated reason for the change is to emphasize the company’s position as a provider of nylon film solutions in Europe

NyleenThe name change visibly incorporates the unit within the Domo Group brand identity, said the company, and clearly indicates its core business—providing customers with solutions based on more than 40 years of expertise and full upstream integration with the nylon 6 chemical chain.

Polymers Petrochemicals Bioplastic Sanctions

-Anglo-French Textiles mills yet to come out of severe crisis

It was in 2013 that the management of the government-run Anglo French Textiles (AFT) mills declared a 45-day layoff causing concern among its hundreds of labourers.

More than five-and-a-half years after the mill stopped operations in its A, B and C units except spinning unit, more than a century-old textile mill is now in the throes of a severe crisis with its net worth on the downward spiral. Polymers Petrochemicals Bioplastic Sanctions

Polymers Petrochemicals Bioplastic Sanctions

-Iran ready to talk if U.S. lifts sanctions, Pompeo skeptical

Iran is ready to hold talks with the United States if Washington lifts sanctions and returns to the 2015 nuclear deal it quit last year, Iranian President Hassan Rouhani said in a televised speech on Sunday.

U.S. President Donald Trump’s administration has said it is open to negotiations with Iran on a more far-reaching agreement on nuclear and security issues.

But Iran has made any talks conditional on first being able to export as much oil as it did before the United States withdrew from the nuclear pact with world powers in May 2018.

Polymers Petrochemicals Bioplastic Sanctions

-Iran’s PET Market Stable

T he local PET market has stabilized as the supply has increased compared to last year, secretary general of the Association of Petrochemical Employers Unions said.

Speaking about polyethylene terephthalate (PET), which is one of the products in the petrochemical industry downstream sector, Ahmad Mahdavi-Abhari said: “Shahid Tondgouyan Petrochemical Complex, the only PET company in Iran produces large volumes and the market is now stable,” IRNA reported.

Iran's PET Market Stable

-PACT Group receive funding to transition to 100% recycled

Pact Group announces with funding received from the Waste Minimisation Fund (WMF) it now has the capability to use up to 100% locally sourced recycled Polyethylene Terephthalate (rPET) in food grade packaging.

Executive General Manager Pact Group Eric Kjestrup said We are thankful for the support we have received from the Waste Minimisation Fund as it will enable Pact Group to produce an extensive range of 100% rPET food grade packaging products, including meat trays, bakery trays, deli containers, food containers, produce containers and beverage bottles. Polymers Petrochemicals Bioplastic Sanctions

PACT Group receive funding to transition to 100% recycled

-Europe EPS producers squeezed as margins continue to erode, demand remains flat

Some sellers of expandable polystyrene (EPS) in Europe are concerned about market dynamics because prices have continued to fall more than upstream costs in recent months.

Villagers build house out of foam, Hejin, China – 27 May 2018This is eroding margins at a time when demand remains broadly flat in key markets and supply is ample.

Competitively-priced offers for Iranian origin material in May and June has eaten into some European producers’ market share in the region.

It has also led to higher inventory levels, which is putting downward pressure on EPS prices as feedstock costs tumble.  Polymers Petrochemicals Bioplastic Sanctions

Europe EPS producers squeezed as margins continue to erode, demand remains flat

-IRO AB introduces new Industry 4.0 ready machines at ITMA

Following significant investment in the R&D capabilities at its base in Ulricehamn, Sweden, IRO AB introduced a range of new Industry 4.0 ready weft yarn feeding and tension control innovations for weaving looms at the recent ITMA 2019 in Barcelona, Spain. IRO AB, a Vandewiele company, is a member of TMAS – the textile machinery association of Sweden.

IRO AB has been the market leader in the weft yarn feeding machines field for many decades supplying systems to the majority of the leading weaving machine manufacturers, as well as advanced new products for retrofitting to working mills around the world.

Polymers Petrochemicals Bioplastic Sanctions

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