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In the Spotlight
LOGISTICS
Is nuclear propulsion for container ships the way forward? / Freight rates continue to soar
By PIE staffOcean liners and container freighters are polluters – no one is debating that. The majority of the shipping fleet cruising the world’s oceans still burns heavy fuel oil and emits large quantities of climate-damaging gases and soot. But the fossil-fuel era in maritime trade may soon be coming to an end. Both the state-owned China State Shipbuilding Corporation and the world’s fifth-largest shipping company Hapag-Lloyd are already thinking out loud about building and using nuclear-powered... (21.06.2024)
EUROPEAN CAR INDUSTRY
EU registrations slide 3% in May / EVs hold lead in market share / Brussels slaps tariffs on Chinese electrics
By Eric CulpThe EU’s more than 911,000 new passenger car registrations in May represented a drop of 3% from a year ago, quite the change from the nearly 14% rise in April, according to the European automobile manufacturers’ association ACEA. First-time registrations in May fell at annual rates of around 4%... (21.06.2024)
POLYMER PRICES
Forecast ethylene, propylene July 2024: Contracts to fall despite early recovery in naphtha costs / Trend reversal expected in September
By PIE price team After reaching a low point of EUR 572/t in early June 2024, the naphtha price is once again noticeably gaining momentum. However, levels remain below the average for the past few months. Although further reductions in C2 and C3 are expected in the coming month, they will be less than... (20.06.2024)
EDITORIAL
"Woe is me! The cap is hanging from the bottleneck!"
Everybody who writes news stories and commentary to earn a part or all of their living knows that a good headline is what hooks readers. Thus it should come as no surprise that the UK-based, conservative newsweekly The Spectator went with “The EU has ruined plastic water bottles” to lead off a list of... (20.06.2024)
GERMAN PLASTICS MACHINERY
Drastic slump in incoming orders for plastics machinery in 2023 / Ulrich Reifenhäuser confirmed as VDMA chairman
By PIE staffThe downward trend in incoming orders for plastics and rubber machinery is continuing. Following a price-adjusted decline of 13% in 2022, the German engineering federation VDMA reported that machine manufacturers experienced a further 22% drop in their order books in 2023. Many companies are... (20.06.2024)
TITANIUM DIOXIDE
EU imposes provisional punitive tariffs on imports from China
By PIE staffThe European Commission has decided to impose provisional punitive tariffs on imports of titanium dioxide from China. The commission’s written decision singles out two Chinese TiO2 producers, Lomon Billions Group and Anhui Gold Star Group. The level of punitive tariffs on LBG’s exports to the... (19.06.2024)
GREENDOT
Agreement with PepsiCo to expand capacities / Chemical recycling in Germany, France
By PIE staffA shareholder of Germany’s Duales System Holding, GreenDot, and food and beverage group PepsiCo intend to cooperate more closely in the future. PepsiCo Europe said it plans to support investment in extending the recycling capacities of the GreenDot group to enable the use of recycled materials... (19.06.2024)
Plastic Fantastic
Jeux olympiques – non plastiques / Can the Paris Games be carried out without plastics?
By Andru Shively’Sup, Paris? And by ’sup, we mean SUP: sing-use plastics. Things have changed a lot since the City of Light last hosted the Summer Olympics in 1924. In the intervening ... (21.06.2024)
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Latest News
BOREALIS
Long-term charter contract with IINO for ice-strengthend Very Large Gas Carrier / Fuel and emissions reduction touted
21.06.2024
CYCLYX
First circularity centre in Houston already a third more expensive before completion
21.06.2024
PLASTIC FANTASTIC
Jeux olympiques – non plastiques / Can the Paris Games be carried out without plastics?
21.06.2024
RECYCLING UK
Government consultation seeks views on exclusion of chemical recycling from ETS scheme
20.06.2024
ALPLA
Packaging group acquires Heinlein Plastik-Technik
20.06.2024
POLYMER PRICES
Polyurethane feedstocks June 2024: Weak demand, well-stocked inventories do not leave room for price hikes / New quarter not expected to see fundamental changes
19.06.2024
PLASTIC PACKAGING
German packaging and film makers expect higher sales on rising raw-material costs / Earnings situation remains poor
19.06.2024
ARCOPLASTICA
PET thermoforming specialist to process household waste / Installation of cleaning and granulating plant
19.06.2024
MOTHERSON
Indian automotive supplier plans investment of EUR 33 mn in Hungarian sites
19.06.2024
Social networks
Price Reports and Announcements
POLYMER PRICES
Forecast ethylene, propylene July 2024: Contracts to fall despite early recovery in naphtha costs / Trend reversal expected in September
20.06.2024
POLYMER PRICES
Polyurethane feedstocks June 2024: Weak demand, well-stocked inventories do not leave room for price hikes / New quarter not expected to see fundamental changes
19.06.2024
SPOT PRICE MONITOR
Prices continue to fall / Bottoming out expected soon
18.06.2024
POLYMER PRICES
Engineering recyclate June 2024: Prices undergo only very small upward corrections / No marked changes in either supply or demand / Stability expected in July
17.06.2024
POLYMER PRICES
Standard recyclate June 2024: Declining prices for almost all materials / No positive stimuli ahead of summer slump
14.06.2024
POLYMER PRICES
China engineering thermoplastics May 2024: Slight uptick in prices predominates / Significant hike for PMMA / Feedstocks mostly somewhat firmer / Stable to falling quotations expected in June
13.06.2024
POLYMER PRICES
Standard thermoplastics trend June 2024: Prices fall further in slipstream of declining monomer costs / No significant impulses from demand
12.06.2024
POLYMER PRICES
China standard thermoplastics May 2024: Prices mostly higher amid positive market sentiment / Beijing releases incentive policies to support domestic economy / June seen lower in summer-lull
12.06.2024
POLYMER PRICES
North America May 2024: Rollover for most grades / Feedstock prices mixed / Converters still holding back on ordering / No price surges expected in June, but risk of hurricanes exists
11.06.2024
POLYMER PRICES
Forecast ethylene and propylene trend July: Cheap oil continues to pressure naphtha / C2, C3 to initially soften
06.06.2024
Readers' Choice
LOGISTICS
Mindless shopping frenzy at Temu & co.: How the West's “It's wiser to be a miser” mentality is causing global container freight rates to skyrocket
14.06.2024
UPDATE - PETROCHEMICAL MARKETS
Polypropylene: Sabic declares force majeure on deliveries from German plant / Ineos also reportedly faces issues
14.06.2024
GERMAN CONSTRUCTION INDUSTRY
Massive volume reduction and falling prices: Industry stuck in valley of tears / Significant losses for plastics processors too / No improvement expected this year
13.06.2024
TITANIUM DIOXIDE
EU imposes provisional punitive tariffs on imports from China
19.06.2024
AUTOMOTIVE
Germany's automotive industry set to lose about 90,000 jobs by 2030 / Sector must look at new recruitment techniques to plug vacancies gap
11.06.2024
PVC
EU imposes provisional anti-dumping duties on imports from US & Egypt / Surcharge of 109% from 12 July
17.06.2024
INEOS STYROLUTION
Styrene production at Canadian unit faces closure / Complaints about damage to health
13.06.2024
PETROCHEMICAL MARKETS
VAM/EVA: Celanese declares force majeure on acetylene chain / Initially little impact expected on European market
10.06.2024
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Date of print: 23/06/2024
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