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In the Spotlight
PLASTICS AND ENVIRONMENT
Pollution must be reduced 32% by 2035 to prevent further marine damage – study
— By PIE correspondent — Researchers at Kyushu University in Fukuoka, Japan, have stated that a 32% reduction in plastics waste entering the oceans is needed by 2035 in order to prevent further marine damage. The scientists mapped the flow of plastics waste in the oceans to determine the reduction necessary to meet the Osaka Blue Ocean Vision commitment, established at the 2019 G20 Osaka Summit. The... (08.10.2024)
POLYMER PRICES
North America September: Prices roll over or fall back / Weak demand continues / Production outages have no effect on quotes / Lower feedstock prices and surplus trend support decreases
— By PIE staff — The North American polymer markets were extremely weak in September. All segments saw prices roll over or decline. Converters were holding back on their purchasing activities, so that even one or two planned production stoppages or unscheduled outages had no negative effect on the markets.... (07.10.2024)
FRANCE
Government reverses decision on polystyrene packaging ban / Move welcomed in packaging sector
— By Vladislav Vorotnikov — The French government has ruled against enforcing the ban on styrenic packaging from 1 January 2025, explaining that the conditions necessary for the restrictions to be implemented had not been fulfilled. France originally introduced a ban on packaging comprising entirely or... (07.10.2024)
LANXESS
Buyer of PU activities found in Japan's Ube / Proceeds to reduce debt
— By PIE staff — German speciality chemicals company Lanxess appears to have found a buyer for its polyurethane prepolymers business. Having reportedly been on the lookout since February 2024, the group has now settled on Japan’s Ube Industries . Lanxess said the deal was inked on 3 October. The... (04.10.2024)
UPDATE - LOGISTICS
Port strikes ends in tentative agreement / Shipping companies consider imposing congestion surcharges
— By PIE staff — The looming threat of a strike at US ports had been realised, with container gantry cranes coming to a standstill on 1 October at 36 ports between Maine in the north and Texas in the south. More than 45,000 dockworkers had taken part in the three-day strike that has now ended in a tentative... (04.10.2024)
PLASTICS AND ENVIRONMENT
WWF raises case for new anti-plastic-pollution goals ahead of INC-5
— By PIE correspondent —The World Wildlife Fund has welcomed a commitment from more than 60 countries to implement a series of measures to combat plastics pollution, but warned that states had to make the new rules a reality when a new anti-pollution treaty is discussed at the international talks being... (04.10.2024)
VERSALIS
Conflict over ‘maintenance' at Sicilian swing line / Plant to be shuttered? / Unions plan to put up a fight
— By PIE staff — A maintenance turnaround at a domestic LDPE/EVA swing plant in Ragusa belonging to Versalis is causing quite a stir among employee representatives. According to a union report, the maintenance was unplanned and is set to last 50 days. The Sicilian plant has been offline since September and... (03.10.2024)
Plastic Fantastic
To our American friends: please, give us a sign this November
— By Andru Shively —Every four years, US politics gets recycled. This also now applies – in one central Florida county, at least – to an iconic feature of the suburban American landscape ... (04.10.2024)
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Latest News
KURARAY
Price hikes planned for elastomers
08.10.2024
MITSUBISHI CHEMICAL
Price increases for EVOH planned
08.10.2024
NESTE
Chemical recycling logistics infrastructure in Europe expanded in tie-up with Tepsa
08.10.2024
RECARO AUTOMOTIVE
Insolvent seat maker to shut down production at year-end / Talks with investor about partial preservation
08.10.2024
RÖHM
Distribution agreement with Albis extended
08.10.2024
MERAXIS
New heads of sales, polymers divisions announced
08.10.2024
TRIOWORLD
Former Wentus site in Höxter to be significantly expanded / Capacity doubled for film extrusion lines
07.10.2024
UPDATE - SABIC
Launch of low-carbon chemicals with production of methanol
07.10.2024
POLYMER PRICES
Composites/GRP September: Resin prices trend down again / Demand remains poor / No major changes expected for glass fibres
04.10.2024
Social networks
Price Reports and Announcements
KURARAY
Price hikes planned for elastomers
16:16
MITSUBISHI CHEMICAL
Price increases for EVOH planned
16:01
POLYMER PRICES
North America September: Prices roll over or fall back / Weak demand continues / Production outages have no effect on quotes / Lower feedstock prices and surplus trend support decreases
07.10.2024
POLYMER PRICES
Composites/GRP September: Resin prices trend down again / Demand remains poor / No major changes expected for glass fibres
04.10.2024
POLYMER PRICES
Engineering thermoplastics September: Clear trend in prices despite inconsistent movement / Further decline expected in October
04.10.2024
POLYSTYRENE
Significant price cuts from Trinseo, Ineos Styrolution
02.10.2024
POLYMER PRICES
Polypropylene September: Stock reductions lead to discounts / Supply exceeds demand noticeably / Compounders offer first special conditions for October
02.10.2024
POLYMER PRICES
Polyethylene September: Prices trend in different directions / Decreases likely on broad front in October
02.10.2024
POLYMER PRICES
Styrenics September: Weak rollover after marginal decline in SM / Sharp discounts expected for October
02.10.2024
POLYMER PRICES
Feedstocks September/October
02.10.2024
Readers' Choice
BASF
Reorganisation at chemicals giant / One third of group no longer considered core business / Plastics remain central
30.09.2024
BUTADIENE
NEW at PIE: Spot and contract price reports for the precursor / Supply situation in Europe remains tight; prices likely to remain high / Numerous expansions planned in Asia
27.09.2024
UPDATE - LOGISTICS
Port strikes ends in tentative agreement / Shipping companies consider imposing congestion surcharges
04.10.2024
EUROPEAN ECONOMY
Business confidence in Germany slumps again / Mood sours among domestic processors / German economy to shrink this year? / Euro area growth in danger
25.09.2024
COVESTRO
Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann
01.10.2024
LOGISTICS
Ningbo port to invest almost EUR 900 mn in capacity expansion / French shipping group CMA CGM plans to acquire port terminal operator Santos Brasil
27.09.2024
TRINSEO
Management functions consolidated / PC production to cease by end of January
01.10.2024
PETROINEOS
Grangemouth refinery to shut in Q2 2025 / Massive losses / Other petchem operations on-site unaffected
26.09.2024
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Date of print: 09/10/2024
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