Trinseo raises October prices for latex binders in EMEA

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe have announced an increase in its prices for all latex products sold into the Paper, Board, Carpet and Textile, and Adhesive and Construction Binder markets in the EMEA region, as per the company's press release.

The increase, effective 16 October 2018, or as contract terms permit, was EUR40 per dry metric ton for all latex products.

As MRC reported earlier, Trinseo has raised September prices for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile styrene copolymer (SAN) grades. Thus, effective September 1, 2018, or as existing contract terms allow, the contract and spot prices for the products listed below increased as follows:

- STYRON general purpose polystyrene grades (GPPS) - by EUR85 per metric ton;
- STYRON and STYRON A-Tech high impact polystyrene grades (HIPS) - by EUR85 per metric ton;
- MAGNUM ABS resins - by EUR60 per metric ton;
- TYRIL SAN resins - by EUR60 per metric ton.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees.
MRC

MOSCOW (MRC) -- Yantai Wanhua Chemical Group has selected technology from LyondellBasell for a new high-density polyethylene (HDPE) plant and polypropylene (PP) unit in Yantai City, Shandong Province, China, as per Apic-online.

The complex will include a 350,000-t/y HDPE plant, based on LyondellBasell's Hostalen ACP process technology, and a 300,000-t/y PP unit, which will utilize LyondelBasell's 5th generation Spheripol PP process technology. Cost of the project and a schedule were not given.

"We selected LyondellBasell's Spheripol process be-cause of the technology's low capital and operating costs, leading monomer consumptions and excellent operability," said Liu Boxue, vice president of Wanhua. "We also chose their Hostalen ACP process to better meet our customer's growing demand for HDPE products in China."

As MRC wrote before, LyondellBasell has recently announced that Zhejiang Petroleum & Chemical Co. Ltd (ZPCC) has selected LyondellBasell’s polypropylene (PP), high-density polyethylene (HDPE) and low-density polyethylene (LDPE) technologies for five new plants. The plants will be built in ZPCC’s petrochemical complex in Zhoushan City, China. The complex will include two 450 000 tpy PP plants that will use LyondellBasell’s Spherizone PP process technology and two LDPE plants, 300 000 and 400 000 tpy respectively, which will use Lupotech T process technology. The complex will also include a 350 000 tpy HDPE plant which will use Hostalen ACP process technology.

At a total capacity of almost 2 million t, these new licenses constitute the largest volume of new capacity ever licensed by LyondellBasell in a single location.

LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC

MOSCOW (MRC) -- PET bottle recycling rates in Europe are improving but collection remains a key challenge according to a report published by Wood Mackenzie Chemicals earlier this month, as per Plasticsnewseurope.

The collection rate for PET bottles during 2017 rose to nearly 2 million tonnes in Europe, 6.3% higher than 1.88 million tonnes collected the previous year, according to "rPET study – West Europe 2017".

Total production of PET bottles rose 3% year-on-year to 3.2 million tonnes in 2017, making it a “rollercoaster year” of high demand and capacity shortages.

"With exceptionally good weather in Europe boosting demand and capacity outages impacting output, the European virgin PET resin market environment rapidly shifted from one of excess supply to supply challenges," said Helen McGeough, Wood Mackenzie Chemicals senior consultant, commenting on the findings of the study.

The Wood Mackenzie research also pointed to "a significant shift" in rPET market prospects as the industry changes focus from economics to sustainability.

"The potential for recovery of large quantities of PET containers is evident, and PET bottle collection volume is projected to reach 2.3 million tonnes by 2022," said the Wood Mackenzie consultant.

The study found that almost 75% of the collection volumes came from just five key markets, and only a few countries saw significant increases in recovery volumes compared to 2016.

One of the key findings of the report was, however, the growing challenge in improving collection rates and bale qualities.

According to the report, roughly two thirds of collection systems currently in use in West Europe are kerbside systems, as opposed to deposit systems.

"The ever-decreasing bale yield, due to contamination, suggests the dominant collection systems (i.e. kerbside) are not producing the optimum qualities, therefore adding weight to the argument in favour of bottle deposit systems,” the report suggested.

Additionally, according to McGeough, some government initiatives such as taxation, in isolation, are unlikely to increase collection rates.
MRC

MOSCOW (MRC) -- Russia's output of chemical products dropped in September 2018 by 1% month on month. However, this figure increased by 2.7% in the first nine months of 2018, according to Rosstat's data.

According to the Federal Service of State Statistics, last month's production of basic chemicals decreased by 1% from August 2018, with benzene accounting for the main reduction. Overall production of chemical products grew in January-September 2018 by 2.7% year on year, with benzene accounting for the greatest increase in the output.

232,000 tonnes of ethylene were produced in September versus 243,000 tonnes a month earlier, Kazanorgsintez and Ufaorgsintez's production capacities were shut down for maintenance last month. 2,234,000 tonnes of this olefin were produced in the first nine months of 2018, up by 4.5% year on year.

Last month's production of benzene dropped to 104,000 tonnes from 115,000 tonnes in August. However, overall output of this product reached 1,069,800 tonnes over the stated period, up by 6,6%year on year.

September production of sodium hydroxide (caustic soda) was 102,000 tonnes (100% of the basic substance) versus 108,000 tonnes a month earlier, Bashkir Soda Company reduced its capacity utilisation. Overall production of caustic soda grew to 946,500 tonnes in January-September 2018, up by 3.5% year on year.

Last month's output of mineral fertilizers was 1,760,000 tonnes (in terms of 100% nutrients) versus 1,819,000 tonnes in August, Russian producers reduced their production of phosphate and potash fertilizers. Overall, Russian plants produced 17,224,000 tonnes of mineral fertilizers in the first nine months of 2018, up by 1.9% year on year. Nitrogen fertilizers accounted for the greatest increase in the output - up by 5.4% year on year.
MRC

MOSCOW (MRC) -- Kazanorgsintez (part of TAIF Group) resumed its high density polyethylene (HDPE) production after a scheduled turnaround, according to ICIS-MRC Price report.

Kazanorgsintez began a sequential launch of its production capacities last week after the scheduled maintenance. The plant's representatives said all three reactors had been launched by the beginning of this week.

The outage was not long and lasted for less than four weeks, the overhaul started on 26 September.

Kazanorgsintez's annual HDPE production capacity is 540,000 tonnes.

PJSC "Kazanorgsintez" is one of the largest producers of polyethylene (PE) and PE pipes in Russia and the only national polycarbonate (PC) manufacturer. The company's facilities produce more than 170 types of chemical products with a combined tonnage of over 1.3 million tonnes.
MRC