The outright price of Asian paraxylene has stayed above the $1,000/mt mark moving into February amid support from firm buying interest, traders and producers told S&P Global Commodity Insights, but a slowdown in trade activity and demand ahead of the Lunar New Year is reversing the uptrend seen at the start of the year.
Market sources said that this decline will continue in the near term, with further pressure from weak downstream margins, but prices are expected to rise again in Q2 on US summer demand. Zero carbon emissions
Platts assessed the benchmark PX CFR Taiwan/China down $10/mt day on day at $1,025.67/mt at the Asian close Jan. 31, S&P Global data showed. PX prices had risen to a 15-week high of $1,042.67 on Jan. 23, the data showed, up $82/mt or 8.54% from when levels had bottomed out at $960.67/mt on Dec. 7.
Traders said that while PX prices had strengthened recently due to improving demand for cargoes arriving in March and April, the upward momentum had been stalled by lower operation rates among producers of downstream purified terephthalic acid, or PTA, and polyester during China’s biggest holiday in early February.
“Looks like the fundamentals [for PX] are weak [so] need to see [the market] after the Chinese New Year,” a trader said. Zero carbon emissions
Polyester and PTA operating rates had steadily dropped in January amid the festivities-related slowdown in China, sources said.
Replacing expanded polystyrene with compostable trays for protein packaging
SEE has launched a biobased, industrial compostable tray that can replace expanded polystyrene in food applications
Now, US-based packaging solutions provider SEE, previously Sealed Air, has developed an industrially compostable overwrap tray made from bio-based content to replace EPS trays. The Cryovac food-grade resin is USDA-certified as having 54% bio-based content form renewable wood cellulose. Zero carbon emissions
The tray was developed to offer the same performance and stability as EPS foam trays, SEE said. It underwent extensive trials across the food value chain where it survived rigorous manufacturing systems, extreme temperatures, and demanding shipping and distribution environments without breaking, cracking, or leaking, the company added.
Leading specialty chemicals innovator Perstorp has launched Pevalen™ Pro 100, marking a new era in PVC plasticizing technology. The new grade of Pevalen features 100% renewable carbon content based on mass balance, applying chemical and physical traceability. By factoring in the biogenic CO2 uptake* from its renewable raw materials, Pevalen Pro 100 offers a product carbon footprint reduction of approximately 80% relative to its fossil-based equivalent from cradle to Perstorp gate.
Pevalen™ Pro 100 is a significant advancement in non-phthalate plasticizers, merging high performance with sustainable sourcing. Zero carbon emissions
It sets a new benchmark in the industry of flexible PVC by offering a solution that is not only 100% renewable-based but also does not compromise on performance or safety. Pevalen™ Pro 100’s development is a testament to Perstorp’s dedication in materials chemistry and proactive approach to environmental stewardship, ensuring superior performance in a wide range of PVC applications.
Key features of Pevalen™ Pro 100 are:
- Fully based on mass-balanced ISCC PLUS-certified raw materials.
- Low carbon footprint to reduce CO2 emissions throughout the value chain.
- Drop-in replacement for easy adoption in formulations.
- True non-phthalate plasticizer.
- High plasticizing efficiency enabling faster processing and requiring less material and energy. Zero carbon emissions