Polymers Petrochemicals WTI Oil 18-07-2019
Polymers Petrochemicals WTI Oil
China – Polyethylene Terephthalate
PET and its chain are assessed mixed.
Crude oil today is weak.
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 900/960 $/ton – PET Bottle grade domestic market 7,650/7,750 yuan/ton – PET Filament grade SD domestic market 7,050/7,200 yuan/ton – PET Filament grade BR domestic market 7,150/7,300 yuan/ton
PTA Taiwan 790/800 $/ton – PTA domestic market 6,300/6,400 yuan/ton – MEG 530/540 $/ton – MEG domestic market 4,250/4,350 yuan/ton – PX Korea 815/830 $/ton Polymers
Polyester POY 150D/48F domestic market 8,100/8,200 yuan/ton – Polyester DTY 150D/48F domestic market 9,500/9,600 yuan/ton – Polyester Staple PSF domestic market 8,000/8,100 yuan/ton
Chinese Hainan Yisheng Petrochemical plans in July 2019 to commission a new paraxylene plant with a capacity of 1 million tons per year at a new site in Hainan (Hainan, China).
Construction of production began in August 2017 and completed in March of this year. The project cost is CNY3.54 billion (USD557 million).
Commercial output is expected on horseback in July. Earlier it was planned to start the plant in June.
Crude Oil Prices Trend
Monforts Head of Denim Hans Wroblowski provides details of the new CYD during ITMA 2019. (c) AWOL Media.
The new Monforts yarn dyeing technology is being made commercially available at exactly the right time for fabric differentiation and cost efficiencies, if the initial market reaction at ITMA 2019 is anything to go by.
Leading dyeing and finishing machine manufacturer Monforts reports that was inundated with requests for trials on its new CYD yarn dyeing pilot line by the leading denim manufacturers at ITMA 2019. Polymers Petrochemicals WTI Oil
Ahead of its expected IPO, Kingdom-owned Aramco now has 100 percent stake in this Texas facility.
Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America, the company announced Monday. The Port Arthur refinery in Texas, which can process 600,000 barrels of oil per day, is now completely owned by Aramco.
The change of ownership means that the oil giant will have the ability to pump more Saudi crude into North America, ahead of next year’s planned IPO, according to CNN Money.
Tennessee-based company closes financing for its first Earthable® fiber products manufacturing facility
Genera announced today it has secured more than $118 million in new investment for its first manufacturing facility to produce its Earthable® line of sustainable agricultural fiber products.
Genera will use locally grown grasses and other agricultural crops to make compostable food service packaging products like plates, bowls, and takeout containers at its new manufacturing facility in Vonore, Tennessee. In addition to making products that are a sustainable alternative to plastics and polystyrene (Styrofoam-type products), Genera’s Earthable® fibers are also used to produce a wide array of towel, tissue, cupstock and other paper products. Polymers Petrochemicals WTI Oil
The focus will be on new developments in purely polyolefin packaging solutions to replace previously preferred mixed laminates. Furthermore, the possibilities of using post consumer recyclate (PCR) and renewable raw materials will be presented on the basis of various applications.
In the context of design for recycling, the requirements for flexible packaging have changed considerably, with the introduction of the German packaging law and public pressure. The challenge lies in implementing the changes for already established packaging concepts. The decisive factor here is that the functionality of the packaging material is maintained in the course of the material change.
Coca-Cola European Partners recently announced that the company will be using bottles made from 100% recycled plastic for its Honest, GLACÉAU Smartwater and Chaudfontaine brands.
The transition will to occur between the end of 2019 and 2020 and is set to replace 9,000 tonnes of virgin plastic per year across Western Europe, the company says.
This is in line with Coca-Cola’s commitment that, by 2025, at least half of the plastic used in PET bottles across Western Europe will come from recycled sources.
The packaging and consumer goods division of German company Henkel has launched EPIX technology to support sustainable packaging materials.
EPIX’s technology portfolio features materials and chemistry solutions that improve paper quality for products ranging from straws and cups to eCommerce packaging. It also drives sustainable alternatives to single-use convenience items.
The patented technology is designed to help paper deliver increased functionality, enhance performance and enable companies’ to maintain the package’s sustainability and recyclability.
Brenntag has warned that full-year earnings will not meet previous guidance after the company experienced challenging macro-economic conditions in North America and Europe, Middle East and Africa (EMEA), the German chemicals distributor said this week.
The company said that it now expects full-year operating earnings before interest, tax, depreciation and amortisation (EBITDA) to grow between 0% and 4%, compared with previous guidance of 3% to 7% (comparable basis – constant exchange rates and same accounting standard).
Brenntag experienced a noticeable slowdown in demand in June after good business development during April and May, it said. Polymers Petrochemicals WTI Oil
The Energy Information Administration reported a modest oil inventory draw of 3.1 million barrels for the week to July 12, confirming and even exceeding the American Petroleum Institute’s Tuesday estimate of a small 1.401-million-barrel draw.
Today’s figure follows an estimated a 9.5-million-barrel draw in oil inventories for the previous reporting period.
In gasoline, the EIA reported a build of 3.6 million barrels for last week, which compares with a draw of 1.5 million barrels a week earlier. Gasoline production averaged 9.9 million bpd, which compares with 10.4 million bpd a week earlier.
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Zara – and other brands like Pull & Bear and Bershka – have promised to only sell sustainable clothes by 2025.
The company that owns these shops says all cotton, linen and polyester they sell will be organic, sustainable or recycled.
Zara has 64 UK stores, and its parent company has 7,490 shops worldwide.
Reacting to the news, Friends of the Earth told Radio 1 Newsbeat it would be “better for everyone if the industry sold clothes made to last.”
Vollebak, makers of the Graphene Jacket, created a T-shirt made from superthin carbon fibers usually reserved for missiles, jet engines, and the world’s fastest cars.
Hot on the heels of the success of its jacket made from graphene—the lightest, strongest material ever invented—outdoor fashion startup Vollebak has a new trick up its sleeve: it’s a T-shirt made from carbon fibers usually used in missiles, jet engines, and supercars.
The American company AdvanSix, a division of Honeywell, a corporation engaged in the production of resins and chemical products, intends to close the plant for the production of polyamide films in Pottsville (Pottsville , Pennsylvania, USA) in the third quarter, the manufacturer said. AdvanSix Honeywell polyamide film
At the same time, the company announced a strategic alliance with the Oben Group, a manufacturer of films for the production of flexible packaging. These measures will allow AdvanSix to “increase productivity in this industry,” added Erin Kane, CEO.