China’s export PET prices break below $800/bbl threshold

In China, export PET prices hit another low during this past week as reported on Export offers lost $20/ton at both ends of the range and reached below the $800/bbl threshold. Current export prices indicate the lowest levels reported since mid-November of 2008. In upstream news, three producers already nominated their new January MEG […]

Plastics Industry News

First Reimotec high-performance strapping tape line for PP and PET installed in China

Lampertheim/Troisdorf, August 28, 2014. A major Chinese producer of strapping tapes has expanded his production capacities by the addition of a Reimotec high-performance line for the production of PP and PET strapping tapes. The line can reach production speeds of 200 m/min and output rates of 500 kgs/h. According to the General Manager of the Chinese strapping […]