Polymers Petrochemicals DTY PSF 29-05-2019 - Arhive
- China – Polyethylene Terephthalate
- PET is steady,but with light uptrend.
- Crude oil is steady,but weak.
- Polyamide 6 and its chain are in downtrend.
PET Bottle grade export 890/955 $/ton – PET Bottle grade domestic market 7,250/7,350 yuan/ton – PET Filament grade SD domestic market 6,550/6,700 yuan/ton – PET Filament grade BR domestic market 6,650/6,750 yuan/ton
- PTA Taiwan 780/800 $/ton – PTA domestic market 5,650/5,750 yuan/ton – MEG 525/535 $/ton – MEG domestic market 4,300/4,400 yuan/ton – PX Korea 865/875 $/ton
- Polyester POY 150D/48F domestic market 7,500/7,600 yuan/ton – Polyester DTY 150D/48F domestic market 9,200/9,300 yuan/ton – Polyester Staple PSF domestic market 7,600/7,700 yuan/ton
-The May contract price of paraxylene in Europe fell by EUR87.5 per ton
The contract price of paraxylene in Europe for May shipments was agreed at EUR87.5 per tonne lower than last month’s prices.
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).
Two contracts were concluded: EUR890 per ton, FD NWE (northwest Europe) and EUR925 per ton, FD NWE.
Crude Oil Prices Trend Polymers Petrochemicals DTY PSF
-Asia TiO2 weighed down by escalating tradetensions Polymers Petrochemicals DTY PSF
Titanium dioxide (TiO2) prices in Asia are expected to remain weighed down by heightened trade tensions between the US and China.
The ongoing China-US trade war has dented consumer sentiment in China, at a time when the seasonal lull for TiO2 pigments has already taken a toll.
The US hiked tariffs on $200 bn worth of Chinese goods, including TiO2, to 25% from 10% effective 10 May,even as negotiations for a trade deal continues.
China, in response, announced intentions to hike tariffs on $60bn worth of US exports to China on 1 June, with the duty on TiO2 expected to rise by 10%.
Based on ICIS Supply and Demand data, China’s first-quarter 2019 imports of US-origin TiO2 pigments slumped year on year. Polymers Petrochemicals DTY PSF
-Europe cracker margins rise on lower naphtha, LPG
European cracker margins haverisen week on week as feedstock naphtha andliquefied petroleum gas (LPG) fell, accordingto ICIS margin analysis on Monday.
In the week to 23 May:
– Feedstock costs fell by 3% and 4% for naphthaand LPG respectively.
– Naphtha-based contract cracker margins roseby 10%, co-product credits were flat.
-A milestone for fiberglass hull recycling
The Rhode Island Marine Trades Association and Rhode Island Sea Grant have launched a pilot program wherein fiberglass hull recyclate materials are processed for use with cement industry partners in South Carolina.
Much has been written about the Rhode Island Marine Trades Association’s work on developing a fiberglass recycling pilot that promises to have nationwide impact.
Last month, it reached a milestone with the announcement that an organized network of local partners finished the first delivery of fiberglass hull recyclate materials processed and prepared for use with cement industry partners in South Carolina. Polymers Petrochemicals DTY PSF
-Sidel announced as Yili Group’s Global Strategic Partner Supplier
Yili China, the world’s largest liquid dairy producer, recently organised a supplier conference in Xiamen (China). Thanks to the broad application of Sidel aseptic complete PET packaging lines to produce Yili’s Ambrosial Yoghurt for ambient distribution – all of them integrating the company’s Aseptic Combi Predis™ with its unique, patented dry preform sterilisation technology – Sidel was selected as Yili Group’s Global Strategic Partner Supplier and received the Innovation Award. This recognition represents the most recent milestone in the longstanding relationship between the two companies, with Sidel operating in the largest business segment within the Yili ecosystem as the biggest partnering supplier of the PET product line within its Liquid Dairy Division.
-Scientists create bioplastic for food packaging which degrades in two years
A team of researchers from KTU Faculty of Chemical Technology have created a fully compostable packaging for food products from bioplastic. Credit: KTU/Juste Suminaite
A group of scientists at Kaunas University of Technology (KTU). Lithuania have created biodegradable plastic, which decomposes in a compost bin in a couple of years. Bioplastic created at KTU is transparent and all the materials in its composition are suitable for contact with food.
Globally, the amount of plastic produced in a year is roughly the same as the entire weight of humanity.
-Loop Launches Sustainable Shopping System in U.S.
The company also announced that The Kroger Co. and Walgreens are the founding U.S. retailers.
Loop, a “circular shopping system” that enables consumers to responsibly consume products, launched a pilot program in the Mid-Atlantic region of New York, New Jersey, Pennsylvania, Maryland and Washington, D.C.
Loop is an initiative from TerraCycle, an innovative waste management company whose mission is to “Eliminate the Idea of Waste.” Operating nationally across 21 countries, TerraCycle partners with leading consumer product companies, retailers, cities and facilities to recycle hard-to-recycle waste. Polymers Petrochemicals DTY PSF
-Malaysia to send back plastic waste to foreign nations
Malaysia will send back some 3,000 metric tons (3,300 tons) of non-recyclable plastic waste to countries such as the U.S., U.K., Canada and Australia in a move to avoid becoming a dumping ground for rich nations, Environment Minister Yeo Bee Yin said Tuesday.
Yeo said Malaysia and many developing countries have become new targets after China banned the import of plastic waste last year.
Last week, the Philippines said it would ship back dozens of containers of garbage which Filipino officials were illegally shipped to the country from Canada in 2013 to 2014. Polymers Petrochemicals DTY PSF
-Yarn Becomes Alive with High Technology and Industry 4.0
-Savio Yarn Technology Innovation at ITMA 2019
With more than 100 years of history, Savio will exhibit their innovations in yarn technologies at Hall 7, Booth A210 at ITMA 2019.
Savio leverages on the best value-for money proposition in the industry and has a consolidated presence in all relevant geographies with a local-for-local approach, allowing to promptly address market demand and requirements.
Savio is specialized in the yarn-finishing segment, being the leading supplier of winding, twisting and rotor spinning machines, with manufacturing plants spanning over Italy, China, India and Czech Republic. Savio will exhibit in Barcelona innovative, highly automated, energy saving and Industry 4.0 solutions in all displayed machines.
-New method to evaluate comfort of smart and functional textiles
Until now, user-friendliness has been the focus of the development of smart and functional textiles.
Now it is time to address comfort when wearing these textiles—a quality factor that should be of interest to the industry.
The development of smart and functional e-textiles has gone at a rapid pace, not least when it comes to desired properties such as being lightweight, flexible, being elastic, and the possibility of integrating them into garments.
User-friendliness has been the top priority, but when it comes to comfort, how the textiles actually feel on the skin, development has not come so far.
This may explain why the market share of these textiles falls behind even though demand is high.
-Textile industry calls for EU action towards a circular economy
Textiles and apparel industry association Euratex has launched a manifesto, aimed at urging EU policy makers to act to establish a “true” circular fashion system.
The call comes hot on the heels of a European Commission announcement that it plans to check existing EU policies to see how they can contribute to the circular economy.
A Commission staff working document, released in March, recognised the “large potential” of the textiles sector in this area but where “no instrument exists setting design and durability criteria for textiles”.
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