Polymers Petrochemicals Resin rPET 28-05-2019
- China – Polyethylene Terephthalate
- PET is steady,while its chain is assessed mixed.
- Crude oil is steady .
- Polyamide 6 and its chain is steady.
PET Bottle grade export 890/945 $/ton – PET Bottle grade domestic market 7,100/7,200 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 5,600/5,700 yuan/ton – MEG 525/535 $/ton – MEG domestic market 4,250/4,350 yuan/ton – PX Korea 870/880 $/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
Prices for para-xylene in Asia rose on Monday amid increased demand for fast supplies, according to ICIS , citing market participants.
According to ICIS, prices were USD904-906 per tonne, CFR, the main ports of Taiwan / China, which is USD28 higher compared to May 24.
The July supply transactions were at USD893-907 per tonne, CFR Taiwan / China’s main ports, compared to USD876 per tonne, CFR Taiwan / China’s main ports on May 24th.
Demand has increased due to delays in restarting paraxylene production in India and unplanned outages in the Middle East.
Sinopec, one of the world’s largest energy and chemical companies, in May increased the contract prices of acrylonitrile in China by 1,150 yuan (CNY) or USD166 per ton above the previous level amid limited supply of material on the world markets, an ICIS source told the company.
Thus, the May contractual and spot prices of ACN in the region were approved on ex-works delivery terms (ex-works) and amounted to CNY14,950 (USD2,163) per ton.
According to the source, the company’s plant with a capacity of 130 thousand tons per year, located in Shandong Province (Shandong, China) and operated jointly with the Wanda Group, is currently operating at full capacity.
Crude Oil Prices Trend Polymers Petrochemicals Resin rPET
Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts.
Figures on Monday showed that profits for Chinese industrial companies shrank in April while new orders for U.S.-made capital goods fell more than expected in a further sign that the economy is slowing.
The main factor preventing crude prices from rising on the geopolitical news is the concern about the global economy, said Petromatrix oil analyst Olivier Jakob.
China and America’s trade war looks more and more like a tech war, and the United States appears to be widening its focus on to another category of Chinese technology: surveillance.
The U.S. may put Chinese surveillance equipment company Hikvision on a blacklist that would limit its ability to acquire American components — expanding the tech rivalry between the countries and even bringing attention to the ways China monitors its own people. Polymers Petrochemicals Resin rPET
Oerlikon at ITMA 2019: clean technology, smart factory. Oerlikon invites all visitors to this year’s ITMA in Barcelona on a journey into the future of manmade fiber production.
From 20 to 26 June 2019, Oerlikon will show all its guests its vision of a sustainable and automated manmade fiber production in a virtual 4D showroom at its 1,000 m² stand in Hall 7, A101: “Clean Technology.
Smart Factory.” is the motto of the future. And this is only a stone’s throw away from reality at the stand.
Because Oerlikon is presenting four world premieres for efficient machine and plant concepts in a new, innovative industrial design.
Together with numerous other innovations, all this forms the new DNA of the Oerlikon Manmade Fibers segment. Polymers Petrochemicals Resin rPET
Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue, helping Russia to finally fall in line with the OPEC+ production cuts.
Russia’s oil production averaged 11.126 million bpd between May 1 and 26, two industry sources told Reuters on Monday. This compares to average production of 11.147 million bpd between May 1 and 21, according to the sources.
This month through May 26, exports of Russian oil via the pipelines of operator Transneft, including the Druzhba pipeline, were down 6 percent compared to April, the sources told Reuters.
For 25 years, BUFF® has premiered and innovated the tubular headwear category. Headquartered in Spain, the company was founded to keep warm the founder’s neck and head during his cross-country motorcycle rides. Today, BUFF® continues its heritage of quality and reliability of multifunctional headwear.
Just like the first product from BUFF® in 1991, the new CoolNet UV+® was developed to keep customers safe and cool from the sun’s dangerous UV rays. Today the fabric is a recycled performance polyester microfiber with HeiQ Smart Temp’s activated cooling technology to keep the wearer cool and comfortable. The fabric also includes UPF 50+ sun protection, offers a 4-way ULTRA stretch weave and is 100% seamless for the perfect fit. Polymers Petrochemicals Resin rPET
China’s polypropylene (PP) imports are expected to grow in June amid increased availability of supply in Asia, with two new start-ups and as some facilities complete their turnarounds.
Traders have been liquidating cargoes, causing PP prices to fall, with added pressure from heavy losses in upstream crude market.
In the week ended on 24 May, imported PP flat yarn grade prices were assessed at $1,070-1,095/tonne CFR (cost and freight) China, down by $2.5/tonne from previous week, according to ICIS data.
BASF plans to build an engineering plastics compounding plant and a thermoplastic polyurethane (TPU) plant at the company’s proposed integrated chemical production site in Zhanjiang, China. These will be the first production plants to come onstream at the site.
By 2022, the new engineering plastics compounding plant will supply an additional capacity of 60,000 tonnes per year of BASF engineering plastics compounds in China. This will bring the total BASF capacity of these products in Asia Pacific to 290,000 tonnes/year. As part of the company’s plan to implement a comprehensive smart manufacturing concept at the site based on cutting-edge technologies, the new plants will utilize automated packaging, high-tech control systems, and automated guided vehicles.
Fulgar, an Italian manufacturer of high-quality nylon 6.6 fibers mostly used in underwear, sportswear and activewear, has a clear aim in mind.
The company has been developing new eco-friendly fibers since 2009 and now wants to accelerate in this direction with some newly launched initiatives and others to be disclosed soon.
The specialized nylon manufacturer based in Castel Goffredo, in the Italian district for women’s hosiery, has started a collaboration with Italian designer Tiziano Guardini, winner of the first edition of the Green Carpet Award contest of 2017.
When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, US oil producing companies came well prepared.
US giant Exxon Mobil and European rival Royal Dutch/Shell prepared brochures for oil buyers detailing various US crude grades and why they were suitable to replace part of Asia‘s long-standing supplies from the Middle East, Africa and Russia.
As the oil industry gathers in London this month for the annual IP Week, US crude producers may have every reason to toast the success of their campaign in Europe, as well as Asia.
The new European Parliament (EP)will need to reconcile policies to limitclimate change with industry-friendly measuresthat secure jobs and global competitiveness,the German chemicals trade group VCI said onMonday.
More than 400m EU voters had the right to go tothe polls between 23-27 May, and slightly morethan half of them chose to do so.
Turnout came at 50.95%, considerably higherthan the 42.61% who went to the polls in 2014.