PIE 1145 of 24.04.2024 – Plastics Information Europe

PIE issue 1145

INDIA Further massive expansion with oil, gas, petrochemicals / Change of strategy now to smaller decentralised projects / New plastics powerhouse behind China and US gains in stature
BUTADIENE Shortage of supply causes prices in Europe to soar / Plant failures and low demand
EDITORIAL In between ambitious and absurd: Sibur's change in strategy
SIBUR Group intends to expand from material producer to solution provider / Russia lags behind in use of plastics
PETROCHEMICALS Russia expects massive investments to triple exports through 2030 / Attacks on refineries spark concerns over stability / Kazakhstan mulls long-term development plans
TITANIUM DIOXIDE Market seems to have bottomed out / Western players increase production / 2023 coloured with red
CHEMICAL INDUSTRY GERMANY Dramatic slump in sales, production in 2023 / Dim prospects also for year ahead
EXXONMOBIL US Group plans to shut down French petrochemical site in Gravenchon / Cracker, PE plants face closure
BOREALIS EUR 4.5 mn to be invested in Porvoo cracker / Modifications to three furnaces to use circular feedstocks
INDORAMA PET/PTA production in Rotterdam under scrutiny / Thai group reorganises activities
SABIC Dutch naphtha cracker to be shuttered / Olefin capacities at site halved
RADICI High Performance Polymers unit appoints Plastoplan Polymers as distributor in UK
GROLMAN Distribution agreement for pigments from Oxerra, Radiant Colors in Europe
POLYMER PRICES North America March 2024: Prices rise with firm energy rates / Cautious recovery in processing segments / Active hurricane season expected / Easing of feedstock costs caps expectations for April
POLYMER PRICES China standard thermoplastics March 2024: Prices largely unchanged despite rising cost / Demand mostly flat / PS, PET demand projected to increase in April
POLYMER PRICES China engineering thermoplastics March 2024: Prices mostly unchanged amid disappointing demand / Only ABS, PA 6.6, PMMA prices move higher on back of rising input cost / April seen flat to higher
POLYMER PRICES Standard thermoplastics trend April 2024: Upward trend continues due to increased feedstock costs / Demand nevertheless still weak
POLYMER PRICES Standard recyclate April 2024: Low demand keeps recyclers under pressure / Increasing imports of favourably priced virgin material cause grief
POLYMER PRICES Engineering recyclate April 2024: Mixed market leads to increasing momentum / Demand needs more impetus to reach normal again / Further price hikes on the table
POLYMER PRICES Polyurethane feedstocks April 2024: Production problems push prices up / Further upward trend likely to be limited due to weak demand / Some customer segments remain below potential
PLASTICS WASTE UK firm fined EUR 1 mn for illegal waste shipment / Italy seizes 82.5 t mixed waste headed for Africa
PLASTICS WASTE New waste-shipment rules get thumbs up from Council of the EU / Adoption confirms ban on plastics exports to non-OECD countries

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