Polymers Petrochemicals Renewable Packaging 21-03-2019 - Arhive

Bottle Grade PET Resin  Quotation in NorthEast Asia Market FOB CMP $     

Polymers Petrochemicals Renewable Packaging

  • China – Polyethylene Terephthalate

PET and its chain are in healt, with exception of PX that continues to be weak.

  • Polyamide 6 and its chain are always steady.

PET Bottle grade export 1,050/1,090 $/ton – PET Bottle grade domestic market 8,350/8,500 yuan/ton – PET Filament grade SD domestic market 7,700/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton

PTA Taiwan 840/850 $/ton – PTA domestic market 6,400/6,550 yuan/ton – MEG $ 6,40/650 $/ton – MEG domestic market 5,100/5,250 yuan/ton – PX Korea 1,040/1,050 $/ton

POY 150D/48F  domestic market 8,950/9,050  yuan/ton – DTY 150D/48F  domestic market 10,500/10,600  yuan/ton – PSF domestic market 8,700/8,850  yuan/ton

Polymers Petrochemicals Renewable Packaging

Crude Oil Prices Trend

Polymers Petrochemicals Renewable Packaging

Oil rose above $60 a barrel in New York for the first time in more than four months after the biggest withdrawal of crude in U.S. storage tanks since July signaled tightening supplies.

Futures advanced as much as 1.7 percent on Wednesday. A 9.59 million-barrel decline in American oil stockpiles reported by the government confounded all 10 forecasts from analysts in a Bloomberg survey. U.S. crude exports jumped while domestic inventories of gasoline and diesel shrank.

“Exports continue to be pretty strong,” said Brian Kessens, portfolio manager and managing director at Tortoise Capital Advisors LLC in Leawood, Kansas.

The chemical industry is heading for a slowdown as society turns against disposable plastics and the rise of recycling weakens demand, IHS Markit predicted at its annual World Petrochemical Conference.

After climbing to multi-year highs, chemical earnings will drop this year and won’t recover until 2023 as environmental issues add to the drag from a downturn in the global economy, according to the global research firm.

“Plastic waste I believe is going to be the sustainability issue of our time,” Jim Fitterling, chief executive officer of Dow Inc. and chief operating officer at DowDuPont, said Wednesday at the conference. “It represents not only the biggest risk to our industry,” he said, but also “one of the biggest opportunities.”

The plastics packaging industry and the entire value chain should join efforts to protect the environment and make the circular economy a reality, according to Manfred Stanek, CEO of Austria-based Greiner Packaging.

“We only talk about the waste that has made its way to the ocean. That is of course very important but the problem is bigger. We are talking about emission, climate change and CO2 footprint. While we need to work on reducing plastic waste, we also need to ensure that the final solution is better than what we have today,” said Stanek opening the company’s 2019 innovation day on March 14.

Reviewing the environmental developments over the past 14 months, Stanek said the European Union Strategy for Plastics, introduced in January 2018, was a positive development.

TINTEX, driven by its strong DNA toward responsible innovation, introduces a brand new project  born in Germany and is now flying at international level thanks to a group of pioneers key players who are implementing it.

A unique initiative called THE BLUE LAB, created by the NGO Drip by Drip aimed at developing alternative textile solutions with the lowest possible water footprint, in collaboration with a network of participants.

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