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In the Spotlight
TEKNOR APEX
Takeover of biopolymer specialist Danimer Scientific from insolvency
— By PIE staff — For USD 19 mn, along with the assumption of an unspecified amount of debt, US compounder Teknor Apex is set to acquire compatriot biopolymer specialist Danimer Scientific. The bankruptcy court in Wilmington, Delaware, has awarded the bid to Teknor. Danimer will initially be operated as a separate entity. With access to more than 480 patents held by the company, Teknor is making... (12.06.2025)
POLYMER PRICE FORECASTS
Naphtha price stabilisation, oversupply weigh on feedstock quotations
— By PIE Price Team — The price of naphtha has calmed significantly. The US dollar remains weak against the euro, which is increasing pressure on quotations for European C2 and C3. Since April, OPEC+ has significantly increased oil production, with a further hike announced for July. Naphtha volumes are... (06:00)
UK MANUFACTURING
Trade group demands cheaper electricity / ‘Security of country' at risk / Processors worry about competitiveness
— By Eric Culp — A UK manufacturers’ organisation has warned that the country could “rapidly enter a phase of renewed de-industrialisation” if the government fails to lower the prices companies pay for electricity. Stephen Phipson, CEO of Make UK, said, “If we do not address the issue of high industrial... (06:00)
TRADE WAR
US, China agree to reduce export restrictions; rare earths to be supplied again / Trump says relationship with China is ‘excellent'
— By Somya Abrol — “Our deal with China is done,” US President Donald Trump said in a social media post, following two days of tariff talks between the two large economies’ negotiators in London. US Commerce Secretary Howard Lutnick and China’s Vice Commerce Minister Li Chenggang said on 10 June that a... (11.06.2025)
WELLMAN INTERNATIONAL
Indorama PET recycling subsidiary files for debt protection / Millions in losses due to high production costs
— By PIE staff — PET world market leader Indorama Ventures has put its subsidiary Wellman International into examinership at the high court in Dublin. Ireland’s process is similar to the US Chapter 11 regulations. Kieran Wallace from Interpath Advisory is the interim examiner in the Wellman case. The... (11.06.2025)
PACKAGING
Trump's tariffs may play havoc with companies' packaging supply chains – Ecoveritas / Data specialist sounds cautionary note on EPR liability
— By PIE correspondent — As if the outlook for packaging companies wasn’t gloomy enough, thanks to budget-conscious consumers, a UK-based research firm has warned that new tariffs introduced by US President Donald Trump could make things a whole lot worse. According to Andrew McCaffery, chief strategy... (11.06.2025)
PETROCHEMICAL MARKETS
Polypropylene: Grupa Azoty plant in Police down again
— By PIE staff — Grupa Azoty’s new polypropylene production facility at Police, Poland, continues to experience difficulties. A few days ago, a power outage shut down both the propane dehydrogenation and the connected PP plant, PIE learned from the company. According to a spokesperson, the plant is still... (10.06.2025)
Plastic Fantastic
No bridge too far
— By Andru Shively — While Panama and its eponymous canal at the beginning of May featured in the multifaceted geopolitical drama threatening to strain ties between neighbours on the ... (30.05.2025)
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Latest News
POLYMER PRICES
Standard thermoplastics trend June: No movement in polyolefins, PVC / Styrenics follow declining SM reference
12:29
CLARIANT
Speciality chemicals group launches PFAS-free processing aids ahead of K 2025
06:00
PLASTICS ACADEMY
Plastics Hall of Fame inducts six Europeans / Official honour to take place during K 2025 trade fair in October
06:00
POLYMER PRICES
North America May: Prices unchanged or down / Key sectors still weak / Tariff policy continues to create uncertainty / Feedstock costs predominantly lower / Sluggish environment set to continue in June
11.06.2025
PLASTICS AND ENVIRONMENT
Development banks invest EUR 3 bn in Clean Oceans Initiative 2.0
11.06.2025
HYDROGEN
EC to fund 15 new European green hydrogen projects / Second EHB auction completed
11.06.2025
PALSGAARD
Doubling of capacities for plant-based polymer additives in Denmark / New food-contact approved additive for polyolefins
11.06.2025
TOMRA
Sorting technology group launches food-packaging reverse vending machine in Paris
11.06.2025
SIKA
Plans for JV with Sulzer / Recycling of roofing and sealing membranes as focus
11.06.2025
Social networks
Price Reports and Announcements
POLYMER PRICES
Standard thermoplastics trend June: No movement in polyolefins, PVC / Styrenics follow declining SM reference
12:29
POLYMER PRICE FORECASTS
Naphtha price stabilisation, oversupply weigh on feedstock quotations
12.06.2025
POLYMER PRICES
North America May: Prices unchanged or down / Key sectors still weak / Tariff policy continues to create uncertainty / Feedstock costs predominantly lower / Sluggish environment set to continue in June
11.06.2025
POLYMER PRICES
China standard thermoplastics May: Prices for nearly all grades decrease on weak demand / Strong ordering, rising feedstock costs lift PET / Temporary positive effect of US-China tariff cut dissipates quickly
10.06.2025
POLYMER PRICES
PX May: Rollover despite Asian boom
05.06.2025
POLYMER PRICES
PX April: Naphtha slump causes noticeable discount
05.06.2025
INEOS STYROLUTION
Polystyrene prices see significant discounts again
04.06.2025
POLYMER PRICES
Composites/GRP May: Downward price trend for resins, glass fibre continues / Users, converters show restraint / Imports trigger tendency towards oversupply
04.06.2025
POLYMER PRICES
Engineering thermoplastics May: Product surplus governs the price with nearly all types / Demand still weak / No improvement expected in June either
04.06.2025
POLYMER PRICES
Polypropylene May: Prices fall to early-2024 level / Imports make market longer / Demand remains poor
03.06.2025
Readers' Choice
BASF
Petchem giant purchases Domo stake in Alsachimie
02.06.2025
LYONDELLBASELL
Possible sale of European plants to investor Aequita / Negotiations enter critical phase
06.06.2025
EUROPEAN CAR INDUSTRY
Lack of rare earths could delay, stop German auto production / Shortage halts some component lines
04.06.2025
EUROPEAN CHEMICAL INDUSTRY
Poor start to 2025 on weak demand, output / High energy costs undermine global competitiveness / Dependence on imports grows
03.06.2025
LOGISTICS
Number of sunken ships drops to new low / Freight rates trend higher
30.05.2025
LOGISTICS
Freight rates climb to three-month high / Dispatchers face dilemma due to tariff confusion
06.06.2025
CENTRAL AND EASTERN EUROPE
Poland's plastics industry shows signs of economic recovery / Average order book size growing in Finland
05.06.2025
EASTMAN
Is a recycling project in Texas on the brink? / Trump administration cancels subsidies for 24 sustainability projects / USD 375 mn grant cancelled
04.06.2025
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Date of print: 12/06/2025
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