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Middle East Conflict
Latest news and market reports on the impact on the plastics industry.
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Markets
PETROCHEMICAL MARKETS
Ineos declares force majeure for PP from US plant in Texas – report
 		23.01.2024
ENERGY
Steady outlook for oil prices to end of 2025, barring escalation of Middle East conflict / Weakening demand, rising non-OPEC output key drivers
 		23.01.2024
HUMANITARIAN AID
Global initiative issues recommendations for plastics packaging use
 		23.01.2024
EUROPEAN CAR INDUSTRY
New EU registrations grow nearly 14% in 2023 / Sales slip in December / EV popularity continues
 		22.01.2024
PLASTIC PACKAGING
Most German firms expect lower earnings – survey / Bleak outlook for 2024
 		22.01.2024
LOGISTICS
Stand up (if you own ships) – freight rate rally continues / Hapag-Lloyd, Maersk agree to pool transport assets / Is mega-deal a boon for customers?
 		19.01.2024
PLASTICS MACHINERY ITALY
Plastics and rubber machinery production expected to increase 3.2% in 2023 / Exports climb 13% during Jan-Sept period – Amaplast
 		17.01.2024
GLOBAL ECONOMY
German GDP contracts in 2023 / World Economic Forum survey forecasts weakness in Europe
 		16.01.2024
UK PACKAGING
Recoup says plastics packaging use, collection falls for first time / Recycling group warns of stalling growth
 		15.01.2024
LOGISTICS
German rail strike costs billions / Sea transport challenges continue / Container rates rise sharply
 		12.01.2024
GERMAN ECONOMY
Manufacturing industry continues to decline / Chemical industry bucking the trend
 		11.01.2024
BIOPLASTICS
Production capacity to see steep climb in 2028 vs 2023 / PLA, PHA, PA, PP lead growth
 		10.01.2024
EUROPEAN ECONOMY
Euro area inflation rises in December / Increase likely to be short-lived – analysts
 		09.01.2024
GERMANY
Government postpones plastics packaging tax to 2025
 		08.01.2024
SUSTAINABILITY
Trillions more investment needed to reach global net-zero targets – Deloitte
 		08.01.2024
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