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PIE issue 879
ITALY
Plastics demand declines by 9% year-on-year / Consumption down to 1997 levels / Plastics packaging production falls to 3.3m t / Exports of plastic waste have almost dried up
POLYMER PRICES
Standard Thermoplastics Trend March 2013: Falling costs upstream dash producers' hopes of triple-digit hikes / Polyolefins rise less than costs / Higher input prices added to PVC, PS and EPS / Supply in line with demand
POLYMER PRICES
Polyurethane feedstocks in March 2013: MDI and TDI sideways / Olefins pull polyols up / Prompt supply despite maintenance / Weather pressures demand / Building season and new quarter could drive
POLYMER PRICES
Standard Recyclate March 2013: Strong rollover in shadow of rising virgin prices / Slight upwind for rPE and rHIPS / rPP sideways / Input costs higher / Season starts will boost demand
TDI
Duties on EU imports to China confirmed for five years
POLYURETHANE FOAMS
Spanish cartel investigation ends with fine extending to millions of euros / Recticel as key witness
POLYMER PRICES
Engineering Recyclate March 2013: Primary market price hikes drive triple-digit increases for rPA and rPC / rABS, rPOM and rPP remain stable / Brisk ordering / Rises in base polymer costs will continue in Q2 / Further price hikes in April
INEOS
Downturn in European olefins and polyolefins business hits 2012 operating profit / Cheaper feedstocks benefit US
SIBUR
Uniform system of PP grading codes to be introduced by joint venture with Moscow Oil Refinery / Trading subsidiaries established in Turkey and Ukraine
NOVA CHEMICALS
Lower margins lead to fall in operating profit / Record cash generation enables debt reduction of over USD 1 bn
LA SEDA
PET production suffers high losses / Renewed financial restructuring / Simpe majority divested
ELIX POLYMERS
Radka to distribute ABS portfolio in central/eastern Europe
DOW
Arbitration court orders Kuwait group to pay final damages of USD 2.48 bn / Breach of contract suit over failed joint venture
KEM ONE
Locked in PVC squabble, Klesch demands high compensation from Arkema / Swiss feel cheated / French group categorically dismisses all accusations
POLIOM
PP plant in Omsk starts operations / C3 supply through propane fractioning
POLYMER-CHEMIE
Polyblend raises compounding capacity in Bad Sobernheim / Site to produce biodegradable compounds in future, too
MITSUI CHEMICALS
Raising PP compound output in the US to meet rising automotive demand
BASF
Two joint ventures with Markor for butanediol and PolyTHF in China / Support for local customers
CLARIANT
Ground-breaking for new colour concentrates plant in Poland / Strengthening position in eastern Europe
POLYMER PRICES
China Standard Thermoplastics February/March 2013: Production slowly returns to normal following New Year holidays / Feedstock and polymer notations weak / Widely expected post-holiday run fails to materialise / Highly dependent on styrene imports
POLYMER PRICES
Russia February 2013: All grades aside from HDPE and PP post slight gains / GPPS sees largest increase / Processing season slowly gets underway / March could see additional hikes
POLYMER PRICES
North America February 2013: PE moving sideways / PP contracts continue to rise despite spot market turnaround / PVC pointing upwards / PS receding again / Engineering thermoplastics mostly subdued despite cost pressure
POLYETHYLENE
North America: Sasol building swing line / ExxonMobil plans to raise exports / New player eyeing facility in the Appalachians
BRAZIL
Plastics raw material imports fall 21% in 2012 / Strong declines in imports of PET and PVC / Abiplast report
BOLIVIA
State-owned EBIH studies PVC and PP projects / Part of government plans to industrialise natural gas
© 2013 by Plastics Information Europe, Bad Homburg
Date of print: 22/05/2013
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