China aims to double textile output in a decade

(polyestertime) -- Chinese textile producers aim to more than double the country's textile output by 2020 from the 2010 level, according to a 10-year plan from the textile industrial association.

The textile industry is planning to increase textile and clothing exports by an annual rate of about 7 percent and boost the export value of fiber products to 400 billion U.S. dollars by 2020, said a 10-year development plan approved by China National Textile and Apparel Council(CNTAC).

Rising demand for fiber products will accelerate the upgrading and transformation of the textile industry, and further boost innovation and branding to drive high-end industrial development, said the CNTAC.

The CNTAC expected Chinese urban citizens' average spending on clothing to grow by an average 12.5 year-on-year in the 2011-2020 period, while that of rural residents will increase by 15 percent annually.
MRC

EU consortium to develop packaging

(polyestertime) -- A group of European companies and researchers from five different countries have joined together to develop a new material to tackle food waste.

Called ISA-Pack, the EUR 3.9 million (USD 5 million) project is funded by the European Commission (EC) Seventh Framework Program (FP7). European companies and research organizations will collaborate during a three-year period to develop fully sustainable packaging for fresh foods to extend shelf life, improve quality, and reduce
waste.

UK-based Biopac, a sustainable packaging design and development company, is participating in ISA-Pack. John Bright, managing director at Biopac through extension of shelf life, the ISA-Pack project seeks to reduce retailer supply chain wastage of fresh food produce, which includes meat, fish, fruit and vegetables, by about 75%.
MRC

India to remove excise duty on recycled polyester fiber

(polyestertime) -- The government of India is planning to remove excise duty on recycled polyester fiber soon to provide some relief to the manufacturer of Recycled polyester staple fiber (PSF).

The exemption would be granted only if PSF was recycled from plastic waste, and not plastic. In the Union Budget 2012-13, it is declared that the excise duty rate on recycled PSF be pegged at 10 percent, in line with other textile fibers such as polyester fiber and yarns and its raw material, purified terephthelic acid and mono ethylene glycol. In fact, the Budget preferred to make the said modification with retrospective effect from June 29, 2010.

According to the proposal, duty in respect of clearances already made to be recovered from the manufacturers of these goods within a month of the date of enactment of the Finance Bill, 2012, or else it would draw an interest penalty of 24 percent. At the same time, the manufacturers are being permitted to take into account credit of duty
paid on inputs, input services and capital goods.
MRC

В Европе цены окиси этилена снизились

ЛОНДОН (ICIS) -- В Европе контрактные цены окиси этилена в мае снизились на EUR16/т (USD21/т) на фоне снижения контрактной цены этилена в мае на EUR20/т. В мае контрактные цены окиси этилена составили EUR1,402-1,569/т, FD NWE и EUR1,442-1,599/т, FD MED. Этилен является основным сырьем для окиси этилена, и формульная цена окиси этилена обычно составляет 80-85% от цены этилена. Свободно заключаемые контракты на окись этилена составляют лишь небольшой процент от европейского рынка.


Предложение окиси этилена на рынке достаточное, несмотря на недавние остановки производств на профилактиктический ремонт. Во втором квартале, как правило, спрос на окись этилена ниже, чем в первом. В этом году объемы производства были сокращены по сравнению с объемами прошлых лет.
Пик сезона для производства агрохимикатов закончился, а производственные показатели в строительном секторе оставляют желать лучшего.



Относительно высокий спрос на окись этилена в секторе поверхностно-активных веществ в последние месяцы позволил компенсировать снижение продаж. Хотя один из покупателей отметил, что низкие показатели в автомобильной промышленности также вносят свой вклад в понижательный тренд на рынке.


Перевод и редакция новости: MRC.


MRC

SIBUR to reduce polypropylene deficit in Russian market


(sibur) -- SIBUR is beginning temporary imports of basic grades of polypropylene to reduce the existing deficit in the Russian market. The pilot shipment will amount to 500 tonnes, with subsequent increases in imports up to 2 thousand tonnes per month.

The deficit in the Russian polypropylene market arose due to a forced shutdown of several plants unaffiliated with SIBUR (Stavrolen in Stavropol Krai and the Lisichanskiy refinery in Ukraine), which coincided with the seasonal increase in demand from polypropylene refiners.

The imported volumes will be sold at market prices with a minimal commission from SIBUR. The polypropylene will be purchased from China, India, and the Middle East.


In 2011, Tomskneftekhim produced 128.8 thousand tonnes of polypropylene, while SPE Neftekhimiya, the joint venture between SIBUR and Gazprom neft, produced 114.4 thousand tonnes. The combined capacity of the two facilities grew in 2011 to 243.2 thousand tonnes, an increase of more than 11% from 2010.
Tobolsk-Polymer will be Europe's largest complex for the production of polypropylene, with a capacity of 500 thousand tonnes per year. Construction on the site is expected to finish in the third quarter of 2012, with production due to start in early 2013.


MRC