Polymers Petrochemicals Sustainability Polyester 16-04-2019
- China – Polyethylene Terephthalate
- PET and its chain are weak.
- Crude oil is always in good health.
- Polyamide 6 and its chain are steady.
PET Bottle grade export 1,060/1,110 $/ton – PET Bottle grade domestic market 8,500/8,700 yuan/ton – PET Filament grade SD domestic market 7,800/7,900 yuan/ton – PET Filament grade BR domestic market 7,850/8,000 yuan/ton
- PTA Taiwan 850/860 $/ton – PTA domestic market 6,550/6,650 yuan/ton – MEG 580/595 $/ton – MEG domestic market 4,550/4,700 yuan/ton – PX Korea 1,035/1,045 $/ton
- Polyester POY 150D/48F domestic market 9,100/9,200 yuan/ton – Polyester DTY 150D/48F domestic market 10,550/10,700 yuan/ton – Polyester Staple PSF domestic market 8,900/9,000 yuan/ton
Crude Oil Prices Trend
Aquafil displayed new products and trends in the Chinese floor covering industry at Domotex Asia/ChinaFloor that ended recently. Upto 60 new textile samples, more than half made with Econyl yarn, divided into 4 areas namely contract, residential, rugs, and hospitality were showed at the tradeshow which saw participation of 1,418 exhibitors from 35 countries.
Many customers from China, Japan, Thailand, Australia, and Korea went over Aquafil’s booth and got the chance to sit down and discuss current and future business with Aquafil’s team from the Asia Pacific and Aquafil’s management team from Europe, Aquafil said in a press release.
The threat of the Britain’s hard exit from the European Union looms large over Turkey, which stands to lose access to its second-largest export market for years to come, Reuters reported on Monday.
Turkey’s autos, textiles and appliances face the biggest risk if Britain ultimately leaves the bloc without trade arrangements, effectively wiping out most of the country’s $3.7 billion (£2.8 billion) trade surplus with Britain, if there is a so-called hard, or no-deal Brexit, the agency said.
Compostable plastics may not be the best way out of the plastics crisis, warns Bunzl’s Joanna Gilroy
As both the UK & EU governments look to introduce taxes or bans on single-use plastic packaging products, the question on the lips of many operators in the catering and hospitality sector is: ‘what is the best alternative?’ Should operators introduce consumers to reusable packaging or switch consumers to disposable plastic-free alternatives?
Last week independent coffee chain Boston Tea Party said it has seen sales fall by £250,000 since it banned single-use cups last summer. Not prepared to apply an all-out ban on disposable products and risk a similar reduction in sales, many foodservice operators are looking at compostable packaging products as an alternative, predominantly made from bagasse (sugarcane fibres) or PLA (poly-lactic acid).
Hungary-based MOL Group has announced that it has signed a sales-purchase agreement to acquire Aurora, a recycled plastic compounder with production plants located nearby automotive manufacturing and plastics conversion clusters in Baden-Württemberg, Germany.
Aurora is a medium-size German company, headquartered in Neuenstein, with a unique and lean closed loop concept assuming collection of post-industrial plastic waste, regrinding and compounding.
The company’s portfolio largely consists of engineering plastics and polypropylene recyclate-based compounds.
Researchers from the Dalian Institute of Chemical Physics in China have selectively synthesized gasoline- and jet-fuel range C7-C8 cycloalkanes and aromatics by the methanolysis of poly(ethyleneterephthalate) (PET) waste, followed by the solvent-free hydrogenation and hydrodeoxygenation (HDO).
DuPont Teijin Films has announced the launch of its new LuxCR depolymerisation process which upcycles post-consumer waste.
The waste is transformed into a variety of technically advanced BOPET films serving a wide range of applications and markets. The use of recycled content is a critical part of DuPont Teijin Films’ circular economy strategy, and the upcycling of PET through the LuxCR process also marks an important step forward in the chemical recycling technology for the wider polyester industry. “PrimeX” polyester with a thin core-sheath structure and a fine composite yarn with a single filament count of 0.8 deniers or less.
NanoXplore Inc. is pleased to announce that the corporation has been recognized as the 2019 winner of the IDTechEx Graphene & 2D Materials Award for the Most Significant Advancement in Graphene, CNT, or 2D Material for Commercialization.
The award was presented at the IDTechEx Show in Berlin, Germany, by Dr. Richard Collins (Senior Technology Analyst – IDTechEx) and adjudicated by Dr. Nikolaus Nestle (BASF SE – Materials Physics and Analytics) and Ivan Buckley (Director of Business Development -Graphene@Manchester at The University of Manchester).
Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya.
Brent Crude topped $71 and WTI Crude rose above $64 a barrel in the middle of this week as supply reductions outweighed fears of slowing economic growth.
Following the crash in Q4 2018, oil prices have already increased by more than 30 percent so far this year.
There is a rise in the adoption of circular economy by chemical manufacturers.
This business model is being pursued by chemical manufacturers due to its closed loop nature and zero waste process.
In the linear economy model, products are manufactured, used and discarded.
Whereas, in the circular economy model, products are continuously looped back to the value chain, where they can be reused.
This results in lesser energy and resource utilization.
Prices of imported purified terephthalic acid (TPA) in China are rising, following the rise in material prices in the domestic market, ICIS reports, citing sources in the market.
So, on April 8, deals on imported TPA in China were concluded at the level of USD850-860 per ton, CFR CMP, as compared to prices at USD830-850 per ton, CMP CFR on April 4.