POLYESTERTIME plastic petrochemicals 27-08-2018
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.
[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.
[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.
|Bottle grade PET chips domestic market|
|10,600 yuan/ton||10,800 yuan/ton||+200|
|Bottle grade PET chips export market|
|1,305 $/ton||1,320 $/ton||+15|
|Filament grade Semidull chips domestic market|
|10,025 yuan/ton||10,650 yuan/ton||+625|
|Filament grade bright chips domestic market|
|10,025 yuan/ton||10,650 yuan/ton||+625|
|Pure Terephthalic Acid PTA domestic market|
|8,535 yuan/ton||9,000 yuan/ton||+465|
|Pure Terephthalic Acid PTA export market|
|970 $/ton||1,020 $/ton||+50|
|Monoethyleneglycol MEG domestic market|
|7,680 yuan/ton||7,810 yuan/ton||+130|
|Monoethyleneglycol MEG export market|
|933 $/ton||943 $/ton||+8|
|Paraxylene PX FOB Korea market|
|1,179 $/ton||1,227 $/ton||+48|
|Polyester filament POY 150D/48F domestic market|
|11,700 yuan/ton||11,800 yuan/ton||+100|
|Recycled Polyester filament POY domestic market|
|10,300 yuan/ton||10,700 yuan/ton||+400|
|Polyester filament DTY 150D/48 F domestic market|
|13,100 yuan/ton||13,400 yuan/ton||+300|
|Polyester filament FDY 68D24F domestic market||12,600 yuan/ton||13,200 yuan/ton||+600|
|Polyester filament FDY 150D/96F domestic market||11,400 yuan/ton||11,925yuan/ton||+525|
|Polyester staple fiber 1.4D 38mm domestic market||10,700 yuan/ton||11,200 yuan/ton||+500|
|Cprolactam CPL domestic market|
|17,000 yuan/ton||17,000 yuan/ton|
|Cprolactam CPL overseas market|
|2,150 $/ton||2,150 $/ton|
|Nylon6 chips overseas market|
|2,430 $/ton||2,440 $/ton||+10|
|Nylon6 chips conventional spinning domestic market||18,150 yuan/ton||18,400 yuan/ton||+250|
|Nylon6 chips high speed spinning domestic market||18,200 yuan/ton||18,650 yuan/ton||+450|
|Nylon66 chips domestic market|
|37,000 yuan/ton||38,500 yuan/ton||+1,500|
|Nylon6 Filament POY 86D/24F domestic market||21,200 yuan/ton||21,400 yuan/ton||+200|
|Nylon6 Filament DTY 70D/24F domestic market||24,100 yuan/ton||24,300 yuan/ton||+200|
|Nylon6 Filament FDY 70D/24F domestic market|
|23,300 yuan/ton||23,300 yuan/ton|
|Adipic Acid domestic market|
|10,150 yuan/ton||10,350 yuan/ton||+200|
|Benzene domestic market|
|7,175 yuan/ton||7,215 yuan/ton||+40|
|Benzene overseas market|
|880 $/ton||887 $/ton||+7|
|Ethylene South East market|
|1,260 $/ton||1,270 $/ton||+10|
|Ethylene NWE market|
|1,222 $/ton||1,233 $/ton||+11|
|Acrylonitrile ACN domestic market|
|18,500 yuan/ton||18,700 yuan/ton||+200|
|Acrylonitrile ACN overseas market|
|2,240 $/ton||2,230 $/ton||-10|
|Acrylic staple fiber ASF domestic market|
|20,800 yuan/ton||20,800 yuan/ton|
|Viscose Staple Fiber VSF domestic market|
|14,320 yuan/ton||14,420 yuan/ton||+330|
|PP Powder domestic market|
|9,850 yuan/ton||9,750 yuan/ton||-100|
|Naphtha overseas market|
|635 $/ton||659 $/ton||+24|
|LDPE CFR Far East |
|1,143 $/ton||1,120 $/ton||-23|
|LLDPE CFR Far East|
|1,121 $/ton||1,100 $/ton||-21|
|LDPE FOB Middle East|
|1,118 $/ton||1,100 $/ton||-18|
|LLDPE FOB Middle East|
|1,098 $/ton||1,078 $/ton||-20|
|HDPE CFR Far East|
|1,301 $/ton||1,302 $/ton||+1|
|Homopolymer PP CFR Far East|
|1,220 $/ton||1,210 $/ton||-10|
|Homopolymer PP FD NWE|
|1,261 €/ton||1,262 €/ton||+1|
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.
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.
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
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.