What are the key takeaways of oil
Oil price and economy The oil industry is one of the most effective and largest industries in the world. In addition to being a major source of energy in today’s world, oil also plays an important role in determining the level of national power and international prestige of different countries. Benchmark U.S. crude oil prices dived into negative territory on Monday, due to a collapse in demand caused by the Corona virus pandemic and a lack of storage capacity for excess supply. While June futures contracts for WTI crude and prices for Brent crude remain positive at levels of over $20 per barrel, the pain for the oil prices may be far from over, given that transportation and industrial activity, which together account for more than 90% of crude oil demand, are likely to remain depressed in the near-term. Our analysis U.S Oil Consumption by Sector shows underlying numbers across…
Price of TEG and global trading
The start of winter and the expectation of increased trading volume along with global price shocks and quota recharge are some of the things that have the potential to improve the market, but these hopes are limited by various signals, although we can be optimistic that the market will continue to improve. The base price of MEG, DEG,TEG announced for the coming week are relatively upward, and this rate increase will ultimately be a further stimulus for the expected increase in trading volume. The rise in global prices has led to an increase in base prices in the polymer market, although this rate growth is not very prominent and will create space for buyers. Indeed the market for petrochemical products these days is accompanied by many doubts. Uncertainties related to price fluctuations that occasionally appear in one of the levers that determine the base price of petrochemical products in the…
General descriptions about MEG
Glycol Dehydration Process Evaporation systems and centrifuges are at the core of purification processes. Dehydration and removal of unwanted solids by monoethylene glycol makes the filtration process ideal enough to protect the pipelines from freezing and corrosion. The presence of cold, the presence of salt water and the possibility of corrosion create difficult conditions for natural gas transmission lines below sea level. To ensure transport within the pipes, monoethylene glycol is added to the natural gas along with other materials before transfer. However, in order to maintain corrosion conditions, MEG needs to be used continuously in gas purification. MONOETHYLENEGLYCOL produce from the reaction of ethylene oxide and water. It is fiscally clear, transparent and odorless liquid . In process of producing MEG two products will be appear , diethylene glycol (DEG) and triethylene glycol (TEG). It is an important raw material for many industrial applications including manufacturing polyester fiber, fabrics…
Chemical packings
Labsaco can supply our chemicals with drum. Each drum can take 180 kg and 80 drum can easily load in a container . We will be the quality supervisor of your product in all stages of sending from origin to destination. Our goal is your quality satisfaction from sending the product. Also, you can re-check the sent product in the clearance stage and also Each of our chemical compounds have their own drums, ibc tank and other packings, for intention our clients should contact (customer service office ) about commodity that they need .