Industry News
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Global PP market faces multiple challenges.
Recently, market participants predicted that the supply and demand fundamentals of the global polypropylene (PP) market will encounter many challenges in the second half of 2022, mainly including the new crown pneumonia epidemic in Asia, the start of the hurricane season in the Americas, and the conflict between Russia and Ukraine. In addition, the commissioning of new production capacity in Asia may also affect the PP market structure. Asia’s PP oversupply concerns.Market participants from S&P Global said that due to the oversupply of polypropylene resin in the Asian market, production capacity will continue to expand in the second half of 2022 and beyond, and the epidemic is still affecting demand. The Asian PP market may face challenges. For the East Asian market, S&P ... -
Starbucks launches biodegradable ‘grounds tube’ made of PLA and coffee grounds.
Starting from April 22, Starbucks will launch straws made of coffee grounds as raw materials in more than 850 stores in Shanghai, calling it “grass straws”, and plans to gradually cover stores nationwide within the year. According to Starbucks, the “residue tube” is a bio-explainable straw made of PLA (polylactic acid) and coffee grounds, which degrades more than 90% within 4 months. The coffee grounds used in the straw are all extracted from Starbucks’ own coffee. use. The “slag tube” is dedicated to cold drinks such as Frappuccinos, while hot drinks have their own ready-to-drink lids, which do not require straws. -
Alpha-olefins, polyalpha-olefins, metallocene polyethylene!
On September 13, CNOOC and Shell Huizhou Phase III Ethylene Project (referred to as Phase III Ethylene Project) signed a “cloud contract” in China and the United Kingdom. CNOOC and Shell respectively signed contracts with CNOOC Petrochemical Engineering Co., Ltd., Shell Nanhai Private Co., Ltd. and Shell (China) Co., Ltd. signed three agreements: Construction Service Agreement (CSA), Technology License Agreement (TLA) and Cost Recovery Agreement (CRA), marking the start of the overall design phase of the Phase III ethylene project. Zhou Liwei, member of the CNOOC Party Group, Deputy General Manager and Secretary of the Party Committee and Chairman of CNOOC Refinery, and Hai Bo, member of the Executive Committee of Shell Group and President of Downstream Business, attended an... -
Luckin Coffee will use PLA straws in 5,000 stores nationwide.
On April 22, 2021 (Beijing), on Earth Day, Luckin Coffee officially announced a new round of environmental protection plans. On the basis of the full use of paper straws in nearly 5,000 stores across the country, Luckin will provide PLA straws for non-coffee ice drinks from April 23, covering nearly 5,000 stores nationwide. At the same time, within the next year, Luckin will realize the plan to gradually replace single-cup paper bags in stores with PLA, and will continue to explore the application of new green materials. This year, Luckin has launched paper straws in stores nationwide. Due to its advantages of being hard, foam-resistant, and almost free of odor, it is known as the “top student of paper straws”. In order to make the “ice drink with ingredients” t... -
The domestic paste resin market fluctuated downward.
After the Mid-Autumn Festival holiday, the early shutdown and maintenance equipment resumed production, and the domestic paste resin market supply has increased. Although the downstream construction has improved compared with the previous period, the export of its own products is not good, and the enthusiasm for the purchase of paste resin is limited, resulting in paste resin. Market conditions continued to decline. In the first ten days of August, due to the increase in export orders and the failure of mainstream production enterprises, domestic paste resin manufacturers have raised their ex-factory quotations, and downstream purchases have been active, resulting in a tight supply of individual brands, which has promoted the continuous recovery of the domestic paste resin market. East... -
ExxonMobil Huizhou ethylene project starts construction of 500,000 tons/year LDPE.
In November 2021, ExxonMobil Huizhou ethylene project held a full-scale construction activity, marking the entry of the project’s production unit into the full-scale formal construction stage. ExxonMobil Huizhou Ethylene Project is one of the first seven major landmark foreign-funded projects in the country, and it is also the first major petrochemical project wholly-owned by an American company in China. The first phase is planned to be completed and put into operation in 2024. The project is located in Daya Bay Petrochemical Zone, Huizhou. The total investment of the project is about 10 billion US dollars, and the overall construction is divided into two phases. The first phase of the project includes a flexible feed steam cracking unit with an annual output of 1.6 million tons... -
Macro sentiment improved, calcium carbide fell, and PVC price fluctuated rising.
Last week, PVC rose again after a short period of decline, closing at 6,559 yuan/ton on Friday, a weekly increase of 5.57%, and the short-term price remained low and volatile. In the news, the external Fed’s interest rate hike stance is still relatively hawkish, but the relevant domestic departments have recently introduced a number of policies to bail out real estate, and the promotion of delivery guarantees has improved expectations for real estate completion. At the same time, the domestic hot and off-season is coming to an end, boosting market sentiment. At present, there is a deviation between the macro-level and fundamental trading logic. The Fed’s inflation crisis has not been lifted. A series of important U.S. economic data released earlier were generally better than expected. C... -
McDonald will try plastic cups made from recycled and bio-based materials.
McDonald’s will work with its partners INEOS, LyondellBasell, as well as polymer renewable feedstock solutions provider Neste, and North American food and beverage packaging provider Pactiv Evergreen, to use a mass-balanced approach to produce the Recycled solutions, trial production of clear plastic cups from post-consumer plastic and bio-based materials such as used cooking oil. According to McDonald’s, the clear plastic cup is a 50:50 blend of post-consumer plastic material and bio-based material. The company defines bio-based materials as materials derived from biomass, such as plants, and used cooking oils will be included in this section. McDonald’s said the materials will be combined to produce the cups through a mass balance method, which will allow it to measu... -
The peak season starts, and the PP powder market trend is worth looking forward to.
Since the beginning of 2022, restricted by various unfavorable factors, the PP powder market has been overwhelmed. The market price has been declining since May, and the powder industry is under great pressure. However, with the advent of the “Golden Nine” peak season, the strong trend of PP futures boosted the spot market to a certain extent. In addition, the rise in the price of propylene monomer gave strong support for powder materials, and businessmen’s mentality improved, and the powder material market prices began to rise. So can the market price continue to be strong in the later stage, and is the market trend worth looking forward to? In terms of demand: In September, the average operating rate of the plastic weaving industry has mainly increased, and the aver... -
Analysis of China’s PVC Floor Export Data from January to July .
According to the latest customs statistics, my country’s PVC floor exports in July 2022 were 499,200 tons, a decrease of 3.23% from the previous month’s export volume of 515,800 tons, and an increase of 5.88% year-on-year. From January to July 2022, the cumulative export of PVC flooring in my country was 3.2677 million tons, an increase of 4.66% compared with 3.1223 million tons in the same period last year. Although the monthly export volume has decreased slightly, the export activity of domestic PVC flooring has recovered. Manufacturers and traders said that the number of external inquiries has increased recently, and the export volume of domestic PVC flooring is expected to continue to increase in the later period. At present, the United States, Canada, Germany, the Neth... -
What is HDPE ?
HDPE is defined by a density of greater or equal to 0.941 g/cm3. HDPE has a low degree of branching and thus stronger intermolecular forces and tensile strength. HDPE can be produced by chromium/silica catalysts, Ziegler-Natta catalysts or metallocene catalysts. The lack of branching is ensured by an appropriate choice of catalyst (e.g. chromium catalysts or Ziegler-Natta catalysts) and reaction conditions. HDPE is used in products and packaging such as milk jugs, detergent bottles, margarine tubs, garbage containers and water pipes. HDPE is also widely used in the production of fireworks. In tubes of varying length (depending on the size of the ordnance), HDPE is used as a replacement for the supplied cardboard mortar tubes for two primary reasons. One, it is much safer than the suppli... -
The spot price of PVC is stable, and the futures price rises slightly .
On Tuesday, PVC fluctuated within a narrow range. Last Friday, the US non-farm payrolls data was better than expected, and the Fed’s aggressive interest rate hike expectations were weakened. At the same time, a sharp rebound in oil prices also supported PVC prices. From the perspective of PVC’s own fundamentals, due to the relatively concentrated maintenance of PVC installations recently, the industry’s operating load rate has dropped to a low level, but it has also overdrafted some of the benefits brought by the market outlook. Gradually increasing, but there is still no obvious improvement in downstream construction, and the resurgence of the epidemic in some areas has also disrupted downstream demand. The rebound in supply may offset the effect of the small increase...