Thermoplastics Petrochemicals Crude Oil 18-06-2019
China – Polyethylene Terephthalate
PET and its chain gain ground,with the exception of the PX.
Crude oil continues its up/down.
Polyamide 6 and its chain are losing ground.
PET Bottle grade export 880/920 $/ton – PET Bottle grade domestic market 6,950/7,100 yuan/ton – PET Filament grade SD domestic market 6,500/6,650 yuan/ton – PET Filament grade BR domestic market 6,600/6,750 yuan/ton
PTA Taiwan 720/730 $/ton – PTA domestic market 5,600/5,700 yuan/ton – MEG 525/535 $/ton – MEG domestic market 4,250/4,350 yuan/ton – PX Korea 795/810 $/ton
Polyester POY 150D/48F domestic market 7,550/7,650 yuan/ton – Polyester DTY 150D/48F domestic market 9,200/9,300 yuan/ton – Polyester Staple PSF domestic market 7,250/7,350 yuan/ton
-MEGlobal leaves the July contract price of the MEG in Asia at the level of June Termoplastics Petrochemicals Crude Oil
MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the MEG July contract price for Asia at USD710 per tonne, which corresponds to the level of the current month, a source in the company told ICIS .
The price was named on the terms of delivery CFR Asia.
It is expected that the decline in production at several factories in Asia will lead to a decrease in the material supply on the market, starting in June.
Crude Oil Prices Trend
Teijin Frontier, the Teijin Group’s fibre and products converting company, will participate in Outdoor Retailer Summer market 2019, in stand #MR208. The world’s largest international sports and outdoor trade fair to be held at the Colorado Convention Centre in Denver, CO, US, from June 18-20, 2019, will attract leading brands from all over the world.
The Teijin Frontier stand will exhibit Deltapeak and related hybrid materials that offer excellent combinations of performance, appearance, and texture for sportswear. The stand will also promote Teijin Frontier’s environmentally friendly solutions, including micro-plastics pollution prevention, fossil resource conservation and CO2 emissions reduction, according to a press release by the company.
The spread between the ethylenecontract and net spot polyethylene (PE) pricesremains low as cracker margins get firmer on theback of lower feedstock prices.
– Cracker margins healthy
– Lower June prices hard for buyers toget
PolytunnelsContracted PE has better margins, but these are now underpressure as upstream costs plummet.
Naphtha closed at $475/tonne CIF (cost insurance freight) NWE (northwest Europe) on Friday, from a high not far short of $600/tonne mid-May.
Such a drop has left cracker margins in Europe strong, but net PE prices continue to move around the contracted ethylene price, and have done fors ome months.
A supply overhang amid feebledownstream petrochemical demand has hit Asia’snaphtha market, although demand could bounceback on cracker expansion and restarts.
A container ship at aport in Tokyo, Japan. (Photo by FranckRobichon/EPA-EFE/Shutterstock)
Spot naphtha prices have declined substantiallyin the first half of the year to under$500/tonne levels, pummeled by steep losses inglobal crude oil benchmarks.
On a CFR (cost and freight) Japan basis,naphtha prices for second-half July averaged at$465.00/tonne as of 11 June, down by a hefty$108/tonne from month-earlier levels and a 29%decline from the same period a year earlier,ICIS data showed.
A big problem that contributes to low recycling rates both in Europe and North America is the difficulty of sorting. At the consumer level, it requires looking for the triangular symbol, knowing if the local recycler takes all seven numbers or only a few of them, and which ones. If there were an easier way to sort recyclable products, recycling rates would certainly go up.
Plastic packaging represents the biggest share of European plastic demand. However, today only 42% of plastic packaging waste is recycled in Europe, according to Plastics Recyclers Europe (PRE; Brussels).
Hanwha works on environmentally-friendly materials
Have you ever heard of “green plastic?” Most people would say that it is an oxymoron that contains contradictory words just like “deafening silence” or “original copy.”
But a Korean company actually works on developing environmentally friendly plastic as Hanwha Chemical Vice President Seo Chang-suk notes.
In a recent interview, he envisioned a world of green plastic based on the firm’s advanced technologies designed to reduce the environmental impact of plastic.
Recycling bins around the city are a great idea, but people don’t know what they can put in them … or are they just too lazy to go downstairs and do it?
As Asian nations call an end to importing other countries’ trash, Singapore has some thinking to do
For 18 years, blue bins have sat at the base of high-rise flats and the entrance of landed properties in Singapore, waiting to be filled with plastic bottles, paper cartons, tin cans and other recyclable items.
They multiplied from one in every five blocks to one a block in public housing estates, and spread from landed homes to condominiums.
Polymer materials are widely applied across industries due to their various thermal, chemical, and electrical properties.
Polymers have all kinds of uses. Image Credit: Evan Lorne/Shutterstock.
The surface properties of polymer materials usually have to be modified to satisfy their application. Plasma treatment has become one of the techniques which is usually applied to modify the surface properties of polymer materials.
The plasma treatment enables an increase of the surface energy of the polymer materials, leading to improvement of the adhesion, and biocompatibility.