Polymers Petrochemicals Graphene Economy 20-05-2019

Crude Oil Prices Tren

Polymers Petrochemicals Graphene Economy

Polymers Petrochemical Polyester Prices

Polymers Petrochemicals Graphene Economy

-PET bottle chip detailed developing process: from excessive profit to loss Polymers Petrochemicals Graphene Economy

PET bottle chip spot value has created new low in 2019, and still has sign of declining. Cash flow once squeezed to negative. Feedstock plunge is a major donor to price fall, while slacker demand in and abroad is the deep roots for the squeezed profit.

We shall recognize the fact that overseas supply shortage has turned to supply surplus, because the closed units gradually resumed working, and the restart of long-term shut plants plus new capacity also functioned on supply.

Polymers Petrochemicals Graphene Economy

Oil Price Forecast For 2019, 2020, 2021, 2022 And 2023

Crude Oil forecast

-Polyester downstream market largely pessimistic, requiring time to improve

After investigating major fabric manufacturing bases like Shengze, Changxing, Xiaoshan, Shaoxing and Haining, the results and feelings are as following, only for reference:

Different from previous investigations, many twisting units and fabric manufacturing plants were busy in visiting their downstream customers recently, which reflected that many downstream players tried to receive some orders by visiting customers or turned to focus on collecting the payment with falling prosperity.

Currently, most downstream twisting units and fabric manufacturing plants lacked confidence, showing strong sidelined attitude, which is similar to the situation in Sep-Oct, 2018. Polymers Petrochemicals Graphene Economy

Polymers Petrochemicals Graphene Economy

-Decarbonizing plastics is finally possible

Some scientists have come up with a way to make infinitely recyclable plastics. Other scientists are out to pull off another ambitious feat: making plastic production and disposal carbon neutral.

A new paper in Nature Climate Change looks at ways to cut the carbon footprint of plastics.

The authors suggest four strategies to succeed globally in that endeavor: a shift towards renewable energy, the quick spread of truly biodegradable plastics, rising recycling levels, and ultimately cutting down on global demand for plastics.

Decarbonizing plastics

-Ethylene prices gained in some parts of Asia last week.

CFR North East Asia prices were assessed up at the USD 975/mt levels, a week on week rise of USD 15/mt. The price rise was attributed to higher upstream costs and constrained product availability in the region.

CFR South East Asia prices of ethylene were assessed steady at the USD 905/mt mark.

Ethylene

-Nylon 6 HS chip: the chaos has just begun 

Recently, nylon 6 high-speed spinning chip market has seen continuous rising stocks, price declines in mixed conditions, reducing profits and so on.

Oversupply is more obvious against weak demand, while still many new projects are to be started in late market, including Yichen, Fangyuan, Luxi, Jinjiang and Shenyuan, etc.

It is hard to strike balance in a short run in HS chip market, and for chip producers, the competition has just begun. Polymers Petrochemicals Graphene Economy

Polymers Petrochemicals Graphene Economy

Polymers Petrochemicals Graphene Economy

-China’s ban on scrap imports revitalises US recycling industry

US paper mills are expanding capacity to take advantage of a glut of cheap waste materials

Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves

The halt on China’s imports of waste paper and plastic that has disrupted US recycling programmes has also spurred investment in American plants that process recyclables.

US paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.

Plastics Waste

-Oil producers meet to discuss output amid Iran tension

Major crude producers are set to meet Sunday to discuss how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply.

Key OPEC members and other major suppliers including Russia will assess the oil market and examine compliance to production cuts agreed late last year.

But the subject of Iran, which is not present, will dominate the one-day meeting of the OPEC+ group.

It comes days after sabotage attacks against tankers in highly sensitive Gulf waters and the bombing of a Saudi pipeline by Iran-aligned Yemen rebels.

Opec

-Vietnamese firms strive to increase apparel exports to Canada

Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country’s stature as the world’s second largest apparel exporter.

General Director of the Việt Nam National Textile and Garment Group (Vinatex) Lê Tiến Trường delivered this statement during a workshop held in the Canadian city of Montreal on Thursday.

The event was organised as part of a trip by officials of Vinatex and its five member companies to Canada to promote their textile and garment exports to the nation. It also attracted representatives of 35 Canadian enterprises.

According to Trường, total textile-garment demand in member nations of the CPTPP, which gathered 11 members with a combined population of 500 million, was estimated at US$83 billion annually. In 2018, Việt Nam’s textile-garment exports to CPTPP markets were $5.3 billion, making up 6.3 per cent of the market.

Vietnamese apparel Canada

-Iran dismisses possibility of conflict, says does not want war

Iran’s top diplomat dismissed the possibility of war erupting in the region at a time of escalating confrontation with the United States, saying Tehran did not want conflict and no country had the “illusion it can confront Iran”.

Tensions betkfgo.com/…/iran-dismisses-possibility-of-conflict-says-does-not-want-warween Washington and Tehran have increased in recent days, raising concerns about a potential U.S.-Iran conflict. Earlier this week the United States pulled some diplomatic staff from its embassy in neighboring Iraq following attacks on oil tankers in the Gulf. Polymers Petrochemicals Graphene Economy

Iran Oil

-How the US-Iran oil standoff could also injure the economy

Fresh York (CNN Industry)The American economy is already titillating a physique blow from the deepening US-China alternate battle.

An right battle will seemingly be extra than the decade-long financial growth can model out.

Investors will seemingly be wise to closely video display the connection between the United States and Iran, where tensions enjoy soared after Iran suspended components of the nuclear deal that fleet brought an stop to its financial and diplomatic isolation.

A conflict within the Middle East, whereas unlikely, would ship oil costs surging. That will per chance well deal a most necessary blow to user spending, the engine of the American economy.

Historic previous reveals that oil label spikes — no longer monetary panics — are the main motive of recessions in fresh The usa. Polymers Petrochemicals Graphene Economy

Iran US Oil war

-Oil exporters discuss whether to increase supply

The world’s major oil producers are meeting in Saudi Arabia as they consider increasing output amid high global prices.

Ministers from OPEC and its allies, including Russia, are discussing whether to continue reduced production at a meeting in Jeddah. The measure is set to last until June.

The countries began cutting output in January to raise prices. The move had the intended result, with a particularly big boost to prices in April, when the United States announced it was tightening sanctions on Iran.

Oil barrels

-Researchers develop sensors that can be woven into fabrics

Researchers have developed a shrinkable sensor that can be interlaced into clothes, a development which may pave the path for smart clothing, capable of monitoring human movement.

The embedded microscopic sensor is able to recognize local motion through the stretching of the woven yarns that are treated with graphene nanoplatelets, which can read the body’s activity, according to the study published in the Journal of Small.

“Microscopic sensors are changing the way we monitor machines and humans. Combining the shrinking of technology along with improved accuracy, the future is very bright in this area,” said, lead researcher of the study, Mina Hoorfar.

This ‘shrinking technology’ used a phenomenon called piezo-resistivity, an electromechanical response of a material when it is under strain. These tiny sensors have shown a great promise in detecting human movements and can be used for heart rate monitoring or temperature control, explained Hoorfar.

sensors that can be woven into fabrics

-Fong’s to display innovative dyeing solutions at ITMA

Fong’s Europe will show latest textile machinery at ITMA 2019, in hall 2, stand D101 and at Xorella’s stand D203, in hall 6. The leading textile and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain. Fong’s specialises in manufacturing of dyeing and finishing equipment for yarn dyeing, piece dyeing, dryers, and finishing.

The company will show the THEN SMARTFLOW TSF, which is designed to achieve the lowest possible energy and water consumption rates available on the market for jet dyeing, with achievable liquor ratios for a full load up to 300kg with a reduced kier volume and a liquor ratio down to 1:3.5 for cotton and 1:2.5 for synthetics, the company said in a press release.

Fong's to display innovative dyeing solutions at ITMA

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