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In the Spotlight
WORLD TRADE
UK, India to sign Free Trade Agreement / UK-US deal likely underway; details unclear
— By PIE correspondent — The UK has signed a free trade deal with India, which Prime Minister Kier Starmer said would increase the former’s GDP annually by GBP 4.8 bn, along with an uplift in bilateral trade worth GBP 25.5 bn every year. The agreement, which has yet to be formally signed and go through parliamentary procedures in both countries, has been the subject of negotiations for three years.... (08.05.2025)
EU POLICY
Coalition says new state aid framework lacks circularity funding measures / Omission risks undermining region's recycling sector / EU Commission spells out approach
— By PIE correspondent — In a joint statement, a coalition of European plastics recycling companies and trade organisations has warned that the proposed framework from Brussels for state aid rules governing recycling and renewable energy initiatives has been weakened by failing to mention how the circular... (06:00)
COVESTRO
Q1 core profit plummets / Outlook for 2025 lowered amid geopolitical and trade tensions / LNG deal with Ineos
— By Marilyn Gerlach — Covestro has narrowed its 2025 financial guidance as first-quarter core profit slumped by half amid ongoing geopolitical uncertainties and new trade tensions sparked by US policies. The speciality plastics manufacturer expects earnings-before-interest-tax-depreciation-amortisation... (07.05.2025)
LYONDELLBASELL
Revenues and earnings continue to decline / Possible tariffs affect less than 10% of polyolefin sales
— By PIE staff — After reporting weaker earnings in 2024, LyondellBasell experienced a challenging start in 2025. First-quarter sales fell by 7.6% year-on-year to USD 7.68 bn, while EBITDA declined by 37% to USD 655 mn. Net earnings dropped sharply by 63% to USD 177 mn. CEO Peter Vanacker attributed the... (07.05.2025)
PACKAGING
Global push drives growth in food-grade recycled plastic packaging – Smithers report
— By PIE correspondent — Global demand for food-grade post-consumer recycled plastic packaging is expected to grow over the next four years, with market volumes forecast to reach 1.59 mn t by 2029 – up from 1.03 mn t in 2021. This rise is being driven by legislation and mounting consumer pressure.... (07.05.2025)
FLEXIBLE PACKAGING
Volatile markets, mixed European prices in Q1 / Rise in raw-material costs could trigger uptrend in Q2
— By Heather Arnest Liesch — Industry association Flexible Packaging Europe reported volatile markets and mixed price trends for flexible packaging materials in Europe in the first quarter of the year. Prices for all materials are higher in a year-on-year comparison, however. According to Santiago Castro,... (06.05.2025)
PETROCHEMICAL MARKETS
PVC: Anwil plant faces problems again
— By PIE staff — Without specifying the reasons, PVC producer Anwil has confirmed that its Włocławek plant has come to a standstill again – the third time this year, after the fire in February. When asked by PIE, a spokesperson said that the “recommissioning of the plant has been postponed”.... (05.05.2025)
Plastic Fantastic
The last straw: plastic trumps paper
— By PIE staff — An honest man’s word is as good as his bond. Shortly following his second inauguration as President of the United States, Donald Trump promised to reverse the worst of all ... (02.05.2025)
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Latest News
POLYMER PRICES
Significant delay in Western European paraxylene contract
15:17
GREINER
Decline in sales not yet halted / Consolidation of Neveon foam division progresses
11:35
SGL CARBON
Carbon fibre producer shutters precursor PAN plant in Portugal
06:00
UK
Mass-balance approach for Plastic Packaging Tax to commence 1 April 2027
06:00
PLASTCHIM-T
Bulgarian film specialist to install BOPP film line at Italian Manucor site
06:00
POLYKEMI
Family business prepares for generational shift
06:00
CELANESE
Price increases to be set across entire compound portfolio
07.05.2025
OMV
Start-up of Austria's largest green hydrogen plant at Schwechat / Feedstock for sustainable fuels and chemicals
07.05.2025
POLYMER PRICES
North America April: Prices broadly under pressure / Demand remains subdued in almost all sectors / US tariff policy unsettles processors / No recovery expected in May
06.05.2025
Social networks
Price Reports and Announcements
POLYMER PRICES
Significant delay in Western European paraxylene contract
15:17
CELANESE
Price increases to be set across entire compound portfolio
07.05.2025
POLYMER PRICES
North America April: Prices broadly under pressure / Demand remains subdued in almost all sectors / US tariff policy unsettles processors / No recovery expected in May
06.05.2025
POLYMER PRICES
Engineering thermoplastics April: Solid supply with weak demand and increased imports / Order slump expected to continue in May
06.05.2025
POLYMER PRICES
Composites/GRP April: Downward trend for resins, glass fibres set to remain unchanged / Order situation still at rock bottom
06.05.2025
TRINSEO
Price reduction for polystyrene
05.05.2025
POLYMER PRICES
Polypropylene April: Significant price adjustments as result of lower C3 contract / Demand and economic activity remain low
05.05.2025
POLYMER PRICES
Styrenics April: Prices turn downwards / SM reduction not passed on in full for EPS once again
05.05.2025
POLYMER PRICES
Polyethylene April: Customs chaos leads to almost stable prices / Reductions expected towards end of month / Intensification of downward trend likely in May
05.05.2025
POLYMER PRICES
Feedstocks April/May
05.05.2025
Readers' Choice
DOW CHEMICAL
US group to review closure of cracker in Germany and other activities in Europe
25.04.2025
LOGISTICS
Trump's punitive tariffs send containers sailing empty across world's oceans
25.04.2025
UPDATE - IBERIAN PENINSULA
Blackout in Spain and Portugal: Multiple petrochemical plants shut down / Normalisation could take a week
29.04.2025
PLASTICS MARKETS
Global production continues uptrend, seen doubling by 2050 / Waste incineration increases, landfill declines / Recycling stagnant in challenging environment
29.04.2025
LOGISTICS
Trump demands free passage for Suez and Panama Canals
02.05.2025
PETROCHEMICAL MARKETS
Olefins, LDPE/LLDPE, EVA: Versalis declares force majeure on products from Dunkirk
28.04.2025
LYONDELLBASELL
Revenues and earnings continue to decline / Possible tariffs affect less than 10% of polyolefin sales
07.05.2025
CHEMICAL INDUSTRY SPAIN
Call for cut in electricity costs to boost competitiveness / Base chemicals production remains in decline
28.04.2025
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Date of print: 09/05/2025
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