Polymers prices – PET bottles banned? the environment doesn’t always thank you 11-03-2024

Polymers prices

Polymers prices

  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
  • Feedstocks  PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
  • Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF  Acrylic Staple Fiber 
  • Colourless flake prices hit same levels as virgin PET

Polymers prices

Polyestertime
ITEM 04/03/2024 11/03/2024 +/-
Bottle grade PET chips domestic market 7,100 yuan/ton 7,025 yuan/ton -75
Bottle grade PET chips export market 905 $/ton 895 $/ton -10
Filament grade Semidull chips domestic market 6,920 yuan/ton 6,830 yuan/ton -90
Filament grade Bright chips domestic market 6,930 yuan/ton 6,850 yuan/ton -80
Pure Terephthalic Acid PTA domestic market 5,920 yuan/ton 5,760 yuan/ton -160
Pure Terephthalic Acid PTA export market 735 $/ton 700 $/ton -35
Monoethyleneglycol MEG domestic market 4,550 yuan/ton 4,565 yuan/ton
+15
Monoethyleneglycol MEG export market 535 $/ton 537 $/ton +2
Paraxylene PX FOB  Taiwan market 1,026 $/ton 1,003 $/ton
-23
Paraxylene PX FOB  Korea market 1,004 $/ton 981 $/ton -23
Paraxylene PX FOB EU market 1,130 $/7on 1,150 $/ton +20
Polyester filament POY 150D/48F domestic market 7,875  yuan/ton 7,750 yuan/ton
-125
Recycled Polyester filament POY  domestic market 7,700 yuan/ton 7,700 yuan/ton
Polyester filament DTY 150D/48 F domestic market 9,100 yuan/ton 9,075 yuan/ton -25
Polyester filament FDY 68D24F 9,200 yuan/ton 9,100 yuan/ton -100
Polyester filament FDY 150D/96F domestic market

Polymers prices

8,480 yuan/ton 8,350 yuan/ton -130
Polyester staple fiber 1.4D 38mm domestic market 7,400 yuan/ton 7,320 yuan/ton -80
Caprolactam CPL domestic market 13,400 yuan/ton 12,900 yuan/ton
-500
Caprolactam CPL overseas  market 1,700 $/ton 1,700 $/ton
Nylon 6 chips overseas  market 1,975 $/ton 1,975 $/ton
Nylon 6 chips conventional spinning domestic  market 14,500 yuan/ton 14,150  yuan/ton -350
Nylon 6 chips  high speed spinning domestic  market 15,100 yuan/ton 14,850 yuan/ton -250
Nylon 6.6 chips domestic  market

Polymers prices

22,000 yuan/ton 22,000 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 17,300 yuan/ton 17,000 yuan/ton -300
Nylon6 Filament DTY 70D/24F domestic  market 19,500 yuan/ton 19,200 yuan/ton- -300
Nylon6 Filament FDY  70D/24F  18,500 yuan/ton 18,350 yuan/ton -150
Spandex 20D  domestic  marke 34,400 yuan/ton 34,400 yuan/ton
Spandex 30D  domestic  market 32,900 yuan/ton 32,900 yuan/ton
Spandex 40D  domestic  market  29,900 yuan/ton 29,900 yuan/ton
Adipic Acid domestic market

Polymers prices

10,000 yuan/ton 9,750 yuan/ton -250
Benzene domestic market 8,400 yuan/ton 8,600 yuan/ton +200
Benzene overseas  market 996 $/ton 1,024 $/ton +28
Ethylene South East market 1,010 $/ton 1,010 $/ton
Ethylene NWE market CIF 952 $/ton 929 $/ton -23
Acrylonitrile ACN  domestic market 9,600 yuan/ton 9,700 yuan/ton +100
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market

Polymers prices

14,600 yuan/ton 14,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 13,400 yuan/ton 13,400 yuan/ton
PP Powder domestic market 7,100 yuan/ton 7,100 yuan/ton
Naphtha overseas market  688 $/ton 701 $/ton +13
Phenol domestic market 7,660 yuan/ton 7,640 yuan/ton -20

r-PET high end eco-friendly chips =8,350 yuan/ton 8,350 yuan/ton   –

Polymers prices

PET bottles banned? the environment doesn’t always thank you

The decision to ban or replace materials should ideally be preceded by thorough product life cycle analyses (LCAs) to assess the actual environmental impact. In hindsight, these analyses can only gauge the success or failure of such initiatives and potentially inform future decisions. An example of this is the ban on PET bottles at San Francisco airport in 2019, which prompted scrutiny due to its purported environmental benefits. However, a recent LCA study conducted in the United States challenges this notion, revealing unexpected consequences.

Commissioned by Napcor, a US association advocating for the producers of PET packaging, the study conducted by Franklin Associates compared the environmental impact of plastic bottles versus aluminum cans.  Polymers prices

The research focused on the replacement of approximately 9,000 PET bottles of water sold daily at the airport with aluminum cans. Surprisingly, the findings indicated that since the implementation of the ban, there has been an additional emission of 1,100 metric tonnes of CO2 equivalent compared to the pre-ban scenario.

Contrary to popular belief, the study highlighted the environmental advantages of PET bottles over aluminum cans. PET bottles were found to consume 80% less energy during production, generate 80% less solid waste, utilize 53% less water, and exhibit a 74% lower global warming potential compared to aluminum cans. Additionally, PET bottles produced significantly fewer emissions contributing to acid rain and smog, ranging between 68% to 83% less than aluminum cans.  Polymers prices

Laura Stewart, director of Napcor, emphasized the significance of PET bottles as the environmentally superior choice among beverage containers. She expressed concern over the unintended consequences of plastic bans and advocated for investing in and supporting the proper recycling of PET bottles instead of outright prohibition. Stewart pointed out that large establishments like San Francisco airport, equipped with recycling infrastructure, could make a more positive impact on the environment by promoting PET bottle recycling rather than banning them.

The implications of this study extend beyond PET bottles, challenging the efficacy of blanket plastic bans. Another recent study in the United States, which gained attention, revealed surprising outcomes following the ban on plastic bags in New Jersey. Contrary to expectations, the ban led to a threefold increase in plastic usage for the same purpose. These findings underscore the complexity of environmental policies and the importance of evidence-based decision-making.  Polymers prices

In conclusion, the decision to ban or replace materials should be informed by comprehensive LCAs to assess their true environmental impact. The case of PET bottles at San Francisco airport serves as a cautionary tale, highlighting the unintended consequences of such initiatives. Rather than imposing blanket bans, efforts should be directed towards promoting sustainable practices such as recycling, which can yield more positive outcomes for the environment.

PET bottles banned? the environment doesn't always thank you

Neste signs agreement with Mura in chemical recycling

Neste has entered into an agreement with Mura Technology to purchase feedstock derived from chemical recycling of heterogeneous plastic waste at the new Teesside plant in Northeast England (pictured), which was inaugurated at the end of last year and is expected to be operational by mid-this year.

Neste will process the raw products supplied by Mura, certified with ISCC Plus, into raw materials for the production of new plastics, replacing fossil ones. Polymers prices

The Finnish company joins the American group Dow, which had already secured a portion of the new plant’s capacity through an off-take agreement. Based on the HydroPRS (Hydrothermal Plastic Recycling Solution) process, the plant will be able to process up to 20,000 tons of heterogeneous plastic waste annually, including rigid and flexible types that are not otherwise recyclable.

The process employs supercritical steam – water, heat, and pressure – to convert plastic waste into naphtha, heavy oils, and distillates, which can be reused in cracking to produce new plastic materials.  Polymers prices

Neste signs agreement with Mura in chemical recycling