Polymers Petrochemicals Recycling Polyamide 26-06-2019 - Arhive
Polymers Petrochemicals Recycling Polyamide
China – Polyethylene Terephthalate
PET and its chain, also today, continue to be on health.
Crude oil continues to be on the roller coaster.
Polyamide 6 and its chain are steady.
Acrylonitrile continues to be highly weak.
PET Bottle grade export 930/970 $/ton – PET Bottle grade domestic market 7,500/7,600 yuan/ton – PET Filament grade SD domestic market 7,300/7,450 yuan/ton – PET Filament grade BR domestic market 7,400/7,500 yuan/ton
PTA Taiwan 740/750 $/ton – PTA domestic market 6,100/6,200 yuan/ton – MEG 535/545 $/ton – MEG domestic market 4,400/4,500 yuan/ton – PX Korea 810/825 $/ton
Polyester POY 150D/48F domestic market 8,000/8,100 yuan/ton – Polyester DTY 150D/48F domestic market 9,500/9,600 yuan/ton – Polyester Staple PSF domestic market 7,950/8,050 yuan/ton
Crude Oil Prices Trend
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-US-Iran Tension Shifted US Crude Oil’s Forward Curve
Forward curve
As of June 24, the US crude oil futures contracts between August and September are priced in ascending order.
After September, US crude oil active futures are priced in descending order for the next year. Rising tension in the Middle East has increased the demand for front-month futures contracts.
The change in the price pattern is a positive sign for ETFs that follow US crude oil futures including the ProShares Ultra Bloomberg Crude Oil ETF (UCO) and the United States 12 Month Oil ETF (USL). Polymers Petrochemicals Recycling Polyamide
-PET Biomass Films Market is driven by Advancement in the bio refining technology
Biomass plastic is a plant-based raw material and can be utilized as sustainably as is allows a reduction in the use of fossil fuels.
Polyethylene terephthalate (PET) is a material used for developing various types of flexible packaging.
It is considered as the environmentally friendly material that aids in minimizing carbon dioxide emissions.
Thus, with the development in the PET biomass films, it has become possible for manufacturers to provide biomass-based packaging material in all the areas of flexible packaging.
-Weekly resin report: Trading picks up marginally, as prices continue to soften
Although spot resin trading improved compared with the last couple of weeks and completed volumes were almost average, activity still fell short, according to the PlasticsExchange (Chicago).
This has been the first extended quiet trading period since December, said the resin clearinghouse in its Market Update.
Spot resin availability is good, with most commodity grades ready to ship at favorable prices.
Polyethylene (PE) and polypropylene (PP) prices both remained pressured and ceded $0.005 to 0.01/lb last week, but the quick, nearly 10% upward spike in oil prices reminded market participants that this is a global market and can be vulnerable.
-Trump-approved economic sanctions against Iran hurt average Iranians
Tensions between the United States and Iran have reached their highest levels in decades after President Trump nearly called for a military strike against Iran last week. On Monday, the president signed off on new sanctions against the country. As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most.
From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack of cash from the economic pressure facing Iran’s 80 million people can be seen everywhere. Many blame Mr. Trump and his maximalist policy on Iran, which has seen him pull out of Tehran’s 2015 nuclear deal with world powers and levy punishing U.S. sanctions on the country. Polymers Petrochemicals Recycling Polyamide
-Plastipak invests in PET chemical recycling project
Plymouth-based company strikes deal with Italian company
PET chemical recycling process to be brought to market globally
Plans are to build a new processing facility in Italy
Plastipak Holdings Inc. is striking a new deal with an Italian company to bring a PET chemical recycling process to market globally.
The Plymouth-based company is already known for its mechanical recycling efforts and handles more than 20 billion bottles annually at four locations in the United States and Europe.
-The newly engineered enzyme helps turn plant waste into sustainable products
One of the most important steps in the conversion of plant waste into sustainable and high-value products.
An international team of researchers has engineered a new family of enzymes that could pave the way towards the conversion of plant waste into high-demand sustainable products, including nylon, chemicals, and plastics.
-Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling
Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system.
The alliance comes amid growing global outrage over such pollution, with the European Union voting to outlaw some single-use plastic items such as straws. Japan plans to discuss the issue at the G20 summit it hosts this month.
-New process turns carbon dixoide into eco-plastics
Scientists have developed a means by which they can manipulate bacteria to generate biofuel and degradable bioplastics by utilizing airborne carbon dioxide, water vapor, and nitrogen, via a light-initiated biochemical reaction
New process turns carbon dixoide into eco-plastics
Scientists have developed a means by which they can manipulate bacteria to generate biofuel and degradable bioplastics by utilizing airborne carbon dioxide, water vapor, and nitrogen, via a light-initiated biochemical reaction
The research, which has been undertaken by the University of Colorado at Boulder, holds the promise of tackling climate change via lowering carbon dioxide levels and generating carbon neutral products through one process.Polymers Petrochemicals Recycling Polyamide
-Saudi Aramco Says It’s Ready For Strait Of Hormuz Disruption
Aramco is ready to continue shipping crude oil even if maritime transport through the Strait of Hormuz is disrupted, its chief executive told Bloomberg in an interview.
“We are increasing our readiness. We can supply through the Red Sea and we have the necessary pipelines and terminals,” Amin Nasser said as fear about a possible closure of the world’s largest oil chokepoint abound in the wake of the two tanker attacks in the Gulf of Oman earlier this month.
