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Formosa Plastics

ENVIRONMENTAL ACTION USA
Two groups plan to file lawsuit against Shell / Activists claim US plant violated pollution rules
14.02.2023
POLYMER PRICES
North America January 2023: Prices largely unchanged or lower / Engineering materials slump / Tornado has little impact on prices / Rebound unlikely in February
13.02.2023
POLYMER PRICES
North America December 2022: Widespread reductions / Good availability coincides with disinclination to buy / The many short-term production outages due to winter storms have little effect on prices / Weak start to the year
11.01.2023
UPDATE - POLYMER PRICES
North America October 2022: Weak demand, high stock levels put prices under pressure / Only PE moves sideways / Rising interest rates depress consumer behaviour / Further price reductions expected in November
09.11.2022
CHINA
Massive VCM capacity expansions coming online up to 2025
24.10.2022
BOPP FILMS
Pandemic spurs global growth / Capacity rises to over 16 mn t per year / China home to half of world output / Brückner dominates film line sales
12.10.2022
PETROCHEMICALS USA
Bloomberg-backed anti-pollution campaign takes aim at US petchem expansion / Plastics industry fires back / EPA launches environmental justice office
10.10.2022
FORMOSA
District Court in Louisiana cancels environmental permits for Sunshine Project / Major petchem site under intense pressure
22.09.2022
PETROCHEMICALS USA
EPA to review permit process for Louisiana plants / Focus on Gulf Coast petchems corridor dubbed “Cancer Alley”
25.04.2022
USA
Tropical Storm Nicholas hits Texas and Houston with massive rainfall / Supply of PVC faces renewed problems
15.09.2021
USA
Hurricane Ida makes landfall near New Orleans / Petrochemical plants shut down, ports closed
30.08.2021
FORMOSA PLASTICS
US Gulf “Sunshine Project” delayed again / Charges of “environmental racism”
24.08.2021
POLYMER PRICES
North America June 2021: Polyolefin and PVC prices rise again / Pressure eases for styrenics / Most engineering thermoplastics largely firmer / Tight supply situation expected to bring further increases in July
12.07.2021
PETROCHEMICAL MARKETS
Vestolit lifts force majeure for PVC deliveries from Marl / Fire at Formosa Plastics in Texas
15.06.2021
POLYMER PRICES
North America May 2021: Notations race from one high to the next / Product shortages everywhere / Numerous forces majeures still in place / Benzene price gives reason for hope / Only PS situation likely to improve in June
09.06.2021
POLYMER PRICES
North America April 2021: Mammoth price increases dominate the picture / Converters despair over record costs / Benzene price explodes / High costs and low inventories point to new record demands for May
07.05.2021
PIE SPOT PRICE MONITOR
Upturn in polyolefins slows noticeably / Import situation still weak
20.04.2021
POLYMER PRICES
North America February 2021: Dramatic shortages spark price explosion / Winter storms on Gulf of Mexico bring production to standstill / Producers often unable to meet demand / Relief unlikely
10.03.2021
POLYMER PRICES
North America January 2021: Unceasing upward movement in all segments / Rising feedstock prices and supply bottlenecks reinforce the trend / Slight easing of the situation expected in February
10.02.2021
POLYMER PRICES
North America December 2020: High feedstock prices, tight supply situation and recovery tendency in plastics processing combine to drive up prices / Significant increases with few exceptions / Tension unlikely to ease
13.01.2021
POLYMER PRICES
North America November 2020: Prices stable to firmer / PE and PVC cool down / PP still rising / High feedstock costs push up styrenics / Further increases expected
15.12.2020
FORMOSA PLASTICS
Work on US “Sunshine Project” suspended due to coronavirus / Petrochemical and plastics complex still faces lawsuits
15.12.2020
POLYMER PRICES
North America October 2020: Prices ease except for PVC and ABS / Production recovers from hurricane damage / Widespread inventory-building / Little fresh stimulus expected in November
12.11.2020
POLYMER PRICES
North America September 2020: Price explosion in polyolefins, PVC, ABS and PA 6 / Hurricanes drive up prices / PS, PC and PA 6.6 more relaxed / Situation expected to calm down in October with the exception of PE
15.10.2020
USA
Power supply instability delays restart of US polymer production after storms / Normalisation in the second half of October at the earliest / Shortages for PE, PVC and PC / Worst hurricane season since 2005
01.10.2020
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