POLYESTERTIME plastic petrochemicals 27-08-2018

 

POLYESTERTIME plastic petrochemicals  27-08-2018

-Turning Carbon Dioxide Into Hydrocarbon Fuels

AsianScientist – A research team at the Daegu Gyeongbuk Institute of Science and Technology (DGIST) in South Korea has developed photocatalysts that can convert carbon dioxide into usable energy such as methane or ethane. Their findings are published in Energy & Environmental Science. As carbon dioxide emissions increase, the Earth’s temperature rises, with potentially catastrophic consequences on ecosystems and the environment. Hence, there has been increasing interest in reducing carbon dioxide and relying on reusable fuel.

POLYESTERTIME plastic petrochemicals 27-08-2018

-China’s oil majors risk wasting a good trade war

[HONG KONG] China’s oil majors risk letting a good trade war go to waste. Earnings are gushing at the country’s energy giants, including the US$210 billion PetroChina. They are beneficiaries of US President Donald Trump’s belligerence, which has supported crude prices and opened opportunities in Iran. New rules hampering smaller rivals at home are helping, too.

-Asia naphtha premiums tumble on plentiful supply

[HONG KONG] China’s oil majors risk letting a good trade war go to waste. Earnings are gushing at the country’s energy giants, including the US$210 billion PetroChina. They are beneficiaries of US President Donald Trump’s belligerence, which has supported crude prices and opened opportunities in Iran. New rules hampering smaller rivals at home are helping, too. The boost to bottom lines and stock prices will please Beijing, but does not obviate the need for longer-term reform.

POLYESTERTIME plastic petrochemicals 27-08-2018

     Polyestertime
ITEM20/08/201827/08/2018+/-

 

Bottle grade PET chips domestic market

 

10,600 yuan/ton10,800 yuan/ton+200
Bottle grade PET chips export market

 

1,305 $/ton1,320 $/ton+15
Filament grade Semidull chips domestic market

 

10,025 yuan/ton10,650 yuan/ton+625
Filament grade bright chips domestic market

 

10,025 yuan/ton10,650 yuan/ton+625
Pure Terephthalic Acid PTA domestic market

 

8,535 yuan/ton9,000 yuan/ton+465
Pure Terephthalic Acid PTA export market

 

970 $/ton1,020 $/ton+50
Monoethyleneglycol MEG domestic market

 

7,680 yuan/ton7,810 yuan/ton+130
Monoethyleneglycol MEG export market

 

933 $/ton943 $/ton+8
Paraxylene PX FOB  Korea market

 

1,179 $/ton1,227 $/ton+48
Polyester filament POY 150D/48F domestic market

 

11,700 yuan/ton11,800 yuan/ton+100
Recycled Polyester filament POY  domestic market

 

10,300 yuan/ton10,700 yuan/ton+400
Polyester filament DTY 150D/48 F domestic market

 

13,100 yuan/ton13,400 yuan/ton+300
Polyester filament FDY 68D24F domestic market 12,600 yuan/ton13,200 yuan/ton+600
Polyester filament FDY 150D/96F domestic market11,400 yuan/ton11,925yuan/ton+525
Polyester staple fiber 1.4D 38mm domestic market10,700 yuan/ton11,200 yuan/ton+500
Cprolactam CPL domestic market

 

17,000 yuan/ton17,000 yuan/ton 
Cprolactam CPL overseas  market

 

2,150 $/ton2,150 $/ton 
Nylon6 chips overseas  market

 

2,430 $/ton2,440 $/ton+10
Nylon6 chips conventional spinning domestic  market18,150 yuan/ton18,400 yuan/ton+250
Nylon6 chips  high speed spinning domestic  market18,200 yuan/ton18,650 yuan/ton+450
Nylon66 chips domestic  market

 

37,000 yuan/ton38,500 yuan/ton+1,500
Nylon6 Filament POY 86D/24F domestic  market21,200 yuan/ton21,400  yuan/ton+200
Nylon6 Filament DTY 70D/24F domestic  market24,100 yuan/ton 24,300  yuan/ton+200
Nylon6 Filament FDY  70D/24F  domestic  market

 

23,300 yuan/ton23,300 yuan/ton 
Adipic Acid domestic market

 

10,150 yuan/ton10,350 yuan/ton+200
Benzene domestic market

 

7,175 yuan/ton7,215 yuan/ton+40
Benzene overseas  market

 

880 $/ton887 $/ton+7
Ethylene South East market

 

1,260 $/ton1,270 $/ton+10
Ethylene NWE  market

 

1,222 $/ton1,233 $/ton+11
Acrylonitrile ACN  domestic market

 

18,500 yuan/ton18,700 yuan/ton+200
Acrylonitrile ACN  overseas market

 

2,240 $/ton2,230 $/ton-10
Acrylic staple fiber ASF  domestic market

 

20,800 yuan/ton20,800 yuan/ton 
Viscose Staple Fiber VSF  domestic market

 

14,320 yuan/ton14,420 yuan/ton+330
PP Powder domestic market

 

9,850 yuan/ton9,750 yuan/ton-100
Naphtha overseas market

 

635  $/ton659 $/ton+24
LDPE CFR Far East

 

1,143  $/ton1,120 $/ton-23
LLDPE CFR Far East

 

1,121 $/ton1,100 $/ton-21
LDPE   FOB Middle East

 

1,118 $/ton1,100 $/ton-18
LLDPE FOB Middle East

 

1,098 $/ton1,078 $/ton-20
HDPE CFR Far East

 

1,301 $/ton1,302 $/ton+1
Homopolymer PP CFR Far East

 

1,220 $/ton1,210 $/ton-10
Homopolymer PP FD NWE

 

1,261 €/ton1,262 €/ton+1

 

 

-Vague policies make investors shy away from plastics sector

Manufacturers have called for clear policies on recycling plastic bottles to attract investors in the plastics and rubber sectors.

Four months ago, the National Environment and Management Authority, Nema, reversed its decision to ban plastic bottles. The reversal followed an agreement with the Kenya Association of Manufacturers that plastics would be recycled and used in the construction industry and other sectors.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Oil dips as trade row weighs, Iran sanctions expected to cut supply

SINGAPORE (Reuters) – Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said.

POLYESTERTIME plastic petrochemicals 27-08-2018

-How the war on climate change slams the world’s poor

When a “solution” to a problem causes more damage than the problem, policymaking has gone awry. That’s where we often find ourselves with global warming today.

Activist organizations like Worldwatch argue that higher temperatures will make more people hungry, so drastic carbon cuts are needed

POLYESTERTIME plastic petrochemicals 27-08-2018

-Crude oil futures slip amid mild profit-taking; market awaits fresh cues

Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Monday amid some mild profit-taking following the surge during Friday’s trading session on the back of the fall in US rig count.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Crude Oil Prices Eye OPEC+ Committee Meeting for Direction Cues

Commodity prices rose Friday as a much-anticipated speech from Fed Chair Jerome Powell at the Jackson Hole symposium stuck to familiar themes, leaving the status quo rate hike outlook intact. That translated as disappointed weakness in the US Dollar, which rallied in the prior session in anticipation of an upturn in hawkish rhetoric.

POLYESTERTIME plastic petrochemicals 27-08-2018

-AIP to run sustainable packaging design training course

The packaging industry is facing increasing demands to meet environmental challenges, and the Australian Institute of Packaging (AIP) will be launching a half-day training course in Melbourne to help businesses address sustainable packaging design.

-Profit from the bag

The production premises of the new plant“Polipack” – like a sewing workshop from Soviet classics. A bright room amazes with scales, women in aprons are smiling, cars are being scribbled. True, they do not sew suits or skirts, but more demanded products: polypropylene bags should return 350 million rubles invested in them in six years 

Alexei Lisovichenko, the head of the GC “NEO-COM”, about what is big-bags and how the plant “Polipack” is similar to the sewing workshop

-PepsiCo’s recycling drive and Lego’s plant-based bricks: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

POLYESTERTIME plastic petrochemicals 27-08-2018

-How Turkey’s political and economic outlook can affect apparel companies

Turkey boasts a strong textile and garment manufacturing sector, one that can be attractive for companies seeking new sourcing locations. But serious political and economic factors should be taken into consideration when considering integrating Turkish manufacturers into the supply chain.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Technological Solutions for Ecological Challenges

Increasing urbanization, smaller household sizes and an ageing population are fundamentally changing the expectations for food and pharmaceutical packaging. At the same time, there is a growing need for more sustainable packaging solutions and processes. But according to Carsten Weiss, Vice President Engineering at Bosch Packaging Technology, no single company can rise to this challenge alone.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Marine plastic waste crisis fuels quest for better packaging

Chemical industry sees opportunity in monomaterials and biodegradables

KUALA LUMPUR — With food and beverage companies increasingly moving to curb their use of plastic and investors becoming more environmentally conscious, the world’s chemical industry is under pressure to tackle marine plastic pollution.

POLYESTERTIME plastic petrochemicals 27-08-2018

-U.S. active drilling rigs reduce sharply while oil prices rebound after 7-week loss

HOUSTON, (Xinhua) — The number of active drilling rigs in the United States declined by 13 to 1,044 in the week ending Aug. 24, but still 104 more than this time last year, showed weekly data collected by Baker Hughes released on Friday.

Meanwhile, the price of the West Texas Intermediate (WTI) for October delivery and Brent for October delivery increased by 5.4 percent and 5.6 percent, respectively, during the week.

POLYESTERTIME plastic petrochemicals 27-08-2018

-New Kazakh plant to produce fibres from PET bottles

Construction of a plant for processing polyethylene terephthalate (PET bottles) and producing staple fibre was recently completed in Kazakhstan’s Turkestan region. With the full launch of the plant, more than 250 jobs will be created. Investors in the project are Kazakhstan GreenTechnology Industries and Hong Kong General Industry and Commerce.

With 73 employees, the plant has started first-stage production, washing, drying and crushing PET waste. The next stage—staple fibre production—has just been launched.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Talga Resources, Billerudkorsnäs to Jointly Develop Graphene Packaging

Talga Resources, an Australia based advanced materials technology company, has reportedly signed a letter of intent (LOI) with Swedish paper and pulp manufacturer BillerudKorsnäs, with the purpose of exploring the potential advantages of using graphene in packaging solutions. Referring to the LOI, the collaborative effort will involve studying benefits of combining Talga’s Talphene graphene product with a packaging application from BillerudKorsnäs.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Local startup AlgoteK creates dissolving plastic

Picture this: in a midday munchies moment, you open the refrigerator to find last night’s leftovers in a bowl covered with plastic wrap. After taking the bowl out of the fridge, you remove the plastic wrap. Instead of throwing the plastic wrap away in the garbage, you turn on the faucet and run the plastic wrap under water until the wrap dissolves and washes harmlessly down the drain.

Such a scenario is closer to reality than you might think. AlgoteK, a start-up company founded by three recent University of Oregon alumni is developing a 100 percent biodegradable plastic product that can dissolve in water in under a minute.

-Kyrgyzstan’s representatives to take part in int’l textile conference

Representatives of Kyrgyzstan’s textile business will take part in the First International Textile Conference, to be held in Uzbekistan on September 4, 2018, the Kyrgyz national news agency Kabar reported.

“Uzbekistan Textile Conference” will be devoted to the latest trends in the industry, the development of international textile technologies, certification and digital marketing, scientific research in the development of “smart” textiles.

Kyrgyzstan’s representatives to take part in int’l textile conference

-Freudenberg eyes molding for cleaning products in Mexico

Tultitlán, Mexico — Family-owned Freudenberg Group’s household cleaning products division plans to start in-house injection molding in Mexico, while extrusion operations are also under consideration.

“The plan is to bring much more work into Mexico,” Victor Andriani, country manager for Freudenberg Home and Cleaning Solutions, told Plastics News Aug. 21. “This is the next step in the company’s strategy.”

POLYESTERTIME plastic petrochemicals 27-08-2018

-Oil rises as China demand resumes, signs that Iran supply curbed

NEW YORK: Oil prices rose on Friday, but pared gains ahead of the close, as the market remained on edge about potential oversupply despite signs that Iran sanctions could curb output and that a trade war may not curb China’s appetite for U.S. crude.

“In the near term we’re still fairly well supplied,” said John Kilduff, a partner at Again Capital Management in New York.
POLYESTERTIME plastic petrochemicals 27-08-2018

-Who Is Seizing Iran’s Market Share?

The splendidly-directed movie ‘There Will Be Blood’ by P.T. Anderson is about the early days of the oil boom.

There is an epic scene between actors Daniel Day Lewis and Paul Dano, in which Daniel Day Lewis says: ‘I DRINK YOUR MILKSHAKE!’.

This is a century-old hat-tip to directional oil drilling, as Daniel Day Lewis’ character has used slant drilling to drain an oil reservoir under an adjacent piece of land.

POLYESTERTIME plastic petrochemicals 27-08-2018

-Sedo to show software solutions for textile at ITMA Asia

Sedo Treepoint will show intelligent manufacturing solutions from Sedo Treepoint supporting digitalisation of textile industry at ITMA Asia + CITME 2018 expo, hall 6, A17. The exhibition will be held from October 15-19, 2018 in Shanghai, China. Sedo Treepoint is a leader for digital systems for textile finishing automation and software systems.

Today, the textile industry is facing an environment that is influenced by technological shifts, economic changes and fast-changing consumers’ trends. Many countries have responded with strategies that should transform the industry: Germany has Industry 4.0, China Made in China 2015, the US the Industrial Internet Consortium, just to name a few.

POLYESTERTIME plastic petrochemicals 27-08-2018

-World’s largest textile mill for colored yarns opens in Xinjiang

URUMQI (Xinhua) — The world’s largest textile mill for spinning colored yarn was launched on Saturday in northwest China’s Xinjiang Uygur Autonomous Region.

Built with an investment of 5 billion yuan (735 million U.S. dollars), the mill in Aksu, southern Xinjiang, will see 1 million spindles installed by the end of the year.

The textile mill is owned by Huafu Fashion Co. Ltd., the world’s largest supplier of melange yarn, which is based in east China’s Zhejiang Province.

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