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Business morale falls for fifth straight month / Plastics, rubber industry on the rebound?

German business confidence weakened again in September, but companies in the plastics and rubber industries bucked the trend and expressed more optimism about their lot. The German economics institute ifo said its September poll of domestic managers showed a fifth consecutive decline in the headline business climate reading, which fell to 85.7 points. That number was also what the thinktank reported for last month, but due to an upward revision in the August result to 85.8, September experienced a... (26.09.2023)

LANXESS CEO Zachert announces job cuts – local media / No guarantees for German sites	ELLBA Styrene plant of BASF/Shell JV in Moerdijk restarts / Pressure on spot price
German speciality chemicals group Lanxess plans to reduce its workforce, a move that will also hit workers in the supplier’s home market, according to Düsseldorf-based newspaper... (25.09.2023)	Ellba has resumed production at its combined styrene/propylene oxide facility in Moerdijk, the Netherlands, several market observers have told PIE. However, neither of the two shareholders... (25.09.2023)
FRANCE Industry group unveils plan to recycle PS packaging / Elipso backs EU Parliament on deposit system	BASF German chemicals giant reinforces green goals / Supply deal with Cargill offshoot
The French technical committee for recycling plastic packaging Cotrep has rolled out its first ecodesign recommendations on rigid household polystyrene packaging to lay a foundation for... (25.09.2023)	Toward meeting its own sustainability targets, BASF has agreed on a long-term supply deal for a new bio-based 1.4 butanediol, launched a new range of bio-based plastic additives, and... (25.09.2023)
AUTOMOTIVE MARKET EU new car registrations surge 21% in August / Battery EVs surpass 20% market share	LOGISTICS It's Hapag-Lloyd v City of Hamburg / German shipping giant condemns partial sale of HHLA to MSC
New passenger car registrations in the EU advanced at an annual rate of 21% in August for a 13th straight improvement, with the trading bloc plus EFTA countries and the UK showing growth... (22.09.2023)	The decision by the city government of Hamburg to sell major Swiss shipping company MSC part of local port operating company HHLA has sparked a a storm of indignation. MSC’s competitors,... (22.09.2023)

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Bidders go Radio Ga Ga for rockstar's old school timepiece We don’t know what the winner of the auction for a red plastic wrist watch owned by Queen frontman Freddie Mercury was thinking, but it could have been, Don’t Stop Me Now. Or maybe it was ... (22.09.2023)

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Latest News

OQ CHEMICALS Higher prices for intermediate products made in Europe	26.09.2023
SIRPLASTE Investment expands HDPE recycling in Portugal	26.09.2023
MOCOM Light diffusing compounds made from recycled polycarbonate / Company renames Mexico facility	26.09.2023
DOW CHEMICAL US MDI splitter begins operation	25.09.2023
BOREALIS Material recovery facility inaugurated in Indonesia / Part of programme to stop plastics marine litter	25.09.2023
LG CHEM South Korean firm establishes tech centre in Germany	25.09.2023
TORAY Development of PA 6 recycling process for automotive applications with Honda	25.09.2023
M. HOLLAND 3D printing unit sold to US tech group	25.09.2023
COVESTRO Cast PU elastomer plant in China starts production / Applications for materials include offshore wind power	22.09.2023

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Price Reports and Announcements

OQ CHEMICALS Higher prices for intermediate products made in Europe	12:49
POLYMER PRICES Paraxylene September 2023: Crude oil upswing pushes prices higher	21.09.2023
POLYMER PRICES Polyurethane feedstocks September 2023: Discounts drive market / Trough has been reached / TDI could soon see renewed markups despite low demand	20.09.2023
PIE SPOT PRICE MONITOR Quotations rise further driven by higher feedstock costs / PE film grades witness significant hike	18.09.2023
POLYMER PRICES Engineering recyclate September 2023: Price reductions of up to EUR 500/t / Further falls likely in October / Imports keep supply normal / No improvement expected for weak order situation	18.09.2023
POLYMER PRICES Standard recyclate September 2023: Prices approaching the bottom / Only rPET still in free fall / Isolated slight increases possible next month with a more balanced market	15.09.2023
POLYMER PRICES China standard thermoplastics August 2023: Prices rise / Supply declines / Market shows positive sentiment	13.09.2023
POLYMER PRICES Standard thermoplastics trend September 2023: Significant price hikes despite weak demand / Higher monomer costs are main reason / Ordering picks up only hesitantly after summer lull / Converters buy no more than necessary	12.09.2023
POLYMER PRICES China engineering thermoplastics August 2023: Prices mostly higher as feedstock prices firm, supply slows / Only PA 6.6, ABS lower amid higher supply or lower feedstock cost / Seasonal demand to support September prices	11.09.2023
POLYMER PRICES North America August 2023: Prices vary / Firmer styrene costs prop up PS / Hurricane Idalia has no effect on prices so far / Extent of damage to polymer production not yet clear / September likely to be generally weaker	06.09.2023

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Readers' Choice

SWEDEN Government to end tax on plastic bags / Officials blame higher energy needed to make paper sacks	20.09.2023
PLAST Italian fair reopens after five years / Visitor, exhibitor attendance lower than before pandemic / Market players mostly pessimistic / Green Deal or ‘Green Death?'	18.09.2023
AUTOMOTIVE MARKET EU new car registrations surge 21% in August / Battery EVs surpass 20% market share / Interest in petrol vehicles eases	22.09.2023
CHEMICAL INDUSTRY GERMANY Producers still gloomy as downturn continues / Resin production falls sharply / VCI repeats calls for help from Berlin	19.09.2023
EUROZONE ECONOMY European Central Bank signals end to rate hikes / Staff raises inflation forecasts, lowers growth outlook	18.09.2023
LANXESS CEO Zachert announces job cuts – local media / No guarantees for German sites	25.09.2023
UN PLASTICS WASTE TREATY First draft divides interested parties / Proposed ban on materials, products lacks specifics / A ‘missed opportunity', says Plastics Europe	21.09.2023
LOGISTICS MSC, Klaus-Michael Kühne vie for stake in Hamburg port operator / Hapag-Lloyd loses bid for South Korean shipper	15.09.2023