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In the Spotlight
WAR AS A REASON FOR INVOKING FORCE MAJEURE
Four questions for commercial law expert, Peter Coenen
MARINE LITTER
South Korean carmaker Kia partners with The Ocean Cleanup / New automobiles could use 20% more reclaimed plastics
PIE: Is war a legitimate reason for invoking force majeure?Peter Coenen: “War” is a clear-cut textbook example of a force majeure. The situation thus looks favourable for plastics... (27.05.2022)
As it steps up its activities to rid the world’s rivers and oceans of plastics waste, Dutch non-profit The Ocean Cleanup is joining forces with a growing number of commercial partners to... (27.05.2022)
LOGISTICS
More logistics companies diversifying business model / Boom in trucks, but lack of drivers
RUSSIA
Price regulation seems to be having an effect / Sibur working on a substitute for import grades
On the water, on land, and, in the future, also in the air: French shipping and logistics company CMA CGM, which is worth billions of euros, is driving the diversification of its business... (26.05.2022)
Direct contracts between producers and converters, price regulation for plastics, increased imports from Asian countries and across-the-board substitution of imported goods – these are the... (26.05.2022)
PLASTICS INDUSTRY EUROPE
PIE flash survey on Russian gas: Half of the firms fear supply stoppage / France, Germany expect greater impact
TOTALENERGIES
Chemically reclaimed material to feed US resin production / Offtake agreement with New Hope Energy
A large part of the European industry is heavily dependent on Russian energy supplies – and its consequence have tragically been demonstrated every day since the start of Russia’s war in... (25.05.2022)
France’s TotalEnergies has announced plans to make resin with feedstock from a US chemical recycling plant to be built in Texas by the American company, New Hope Energy. The New Hope... (24.05.2022)
Latest News
Price Reports and Announcements
RÖHM
Price hike for moulding compounds / Restrictions in production of MMA, PMMA
23.05.2022
POLYMER PRICES
Polyurethane feedstocks May 2022: First markdowns point to development of plateau / Robust demand from construction, Eastern European comfort industry weak / Small price moves expected in June
20.05.2022
POLYMER PRICES
Engineering recyclate May 2022: Prices for rPA 6, rPOM through the roof / Market swept clean of many types / Car sector remains weak / Processors have their backs to the wall
18.05.2022
PIE SPOT PRICE MONITOR
Weak demand puts downward pressure on prices / Wave of energy costs apparently absorbed
17.05.2022
POLYMER PRICES
Standard recyclate May 2022: Higher prices for all grades / Mostly good demand driven by weak availability of virgin material / June set to bring more cost transfers, partly with margin additions
17.05.2022
POLYMER PRICES
Standard thermoplastics trend May 2022: Price reductions dominate the picture / Converters benefit from more storage capacity / Producers come up with special offers / Prices likely to fall further
12.05.2022
POLYMER PRICES
China engineering thermoplastics April 2022: Decrease in prices of most types / Generally low demand / Higher MMA cost and low supply pushed PMMA / Covid-related lockdowns continue to have an impact
12.05.2022
POLYMER PRICES
North America April 2022: Reports of significant increases except for polyolefins / Polyamides in particular are picking up / Inflation and rising interest rates are likely to put pressure on demand / Further inflation in May
11.05.2022
POLYMER PRICES
China standard thermoplastics April 2022: Softer demand pushes prices mostly lower / Continued impact of Covid-19 outbreak / Mixed outlook for May as lockdowns expected to ease
11.05.2022
POLYNT
Price hikes for sheet and bulk moulding compounds
09.05.2022
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© 2022 by Plastics Information Europe, Bad Homburg
Date of print: 29/05/2022
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