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In the Spotlight
CHEMICAL INDUSTRY GERMANY
Sales down in third quarter / Sentiment among VCI members ‘drastically poor'
— By PIE staff — Germany’s chemical industry has encountered a significant decline in the third quarter of 2024, with no signs of recovery in sight. According to local chemical industry association VCI, the anticipated resurgence in demand from both domestic and international markets did not occur. As a result, production in the chemical and pharmaceutical sectors experienced a clear drop of 2.7%... (21.11.2024)
WASTE EXPORTS
UK shipments to Turkey on the rise again / 60% increase between 2022 and 2023 – Greenpeace
— By Andru Shively — Exports of plastics waste from the UK to Turkey rose 60% between 2022 and 2023, according to an analysis of United Nations Comtrade data by Greenpeace Türkiye. This marks a trend reversal after such exports had begun to decline following a peak year in 2020, hitting a low of 87,900 t in... (20.11.2024)
AGRICULTURAL FILMS
Biodegradable mulch films added to European fertiliser regulation / Major headway for farming sustainability – EUBP
— By Elaine Burridge — Industry organisation European Bioplastics has welcomed the inclusion of soil-biodegradable mulch films in the EU Fertilising Products Regulation. The European Commission announced on 31 October 2024 that it had amended the FPR to include the films as soil improvers. The change... (20.11.2024)
AMCOR
Swiss giant to acquire Berry Global for nearly EUR 8 bn
— By PIE staff — Switzerland’s Amcor and US-based Berry Global on 19 November announced an all-stock transaction to combine the two packaging giants. The deal is expected to be finalised in mid-2025, subject to customary approvals, regulatory and otherwise. The transaction is costing Amcor a total of USD... (19.11.2024)
PVC
UK government proposes tariffs on US-made S-PVC / British shops voice fears over impact
— By Eric Culp — International commerce officials in the UK have decided US suppliers should be punished for dumping S-PVC on the British market. The UK Trade Remedies Authority released a statement Tuesday saying it recommends a duty of some 56% on S-PVC manufactured in the US, with Formosa Plastics... (19.11.2024)
TRINSEO
Plastics group still deep in the red / Sale of German plant, PC licences to Deepak Nitrite
— By Marilyn Gerlach — Third quarter core profit at Trinseo climbed 61% year-on-year to USD 66 mn, largely in line with the US plastics producer’s forecast, reflecting improved results in all business segments except Americas Styrenics. The net loss, however, widened, missing Trinseo’s own target on the... (18.11.2024)
SYENSQO
Former Solvay materials division posts mixed figures again / Low point apparently reached in Q3
— By PIE staff — Speciality chemicals group Syensqo appears to have reached the lowest point in its first year of existence, but may be showing signs of recovery in some areas. After a difficult first half with some significant declines, the company reported stable sales for the third quarter compared with... (18.11.2024)
Plastic Fantastic
A prancer put to ponder
— By Andru Shively — You can lead a horse to water, but you can’t make it drink – but if we lead people to the horse, can we make them think? That’s the idea behind a new equine statue ... (15.11.2024)
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Spot Price Monitor
Weekly updated spot prices
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Latest News
MONDI
R&D centre for flexible packaging opens in Germany / New extrusion line in the Czech Republic
06:00
DEEPAK NITRITE
Indian group to rebuild polycarbonate plant locally after acquiring tech from Trinseo
06:00
BAGE PLASTICS
Prices too low to sustain operations / Austrian plastics recycler slides into insolvency
20.11.2024
OQ CHEMICALS
Atlantik Advisors takes over ailing carboxylic acid specialist
20.11.2024
BERRY GLOBAL
Higher costs contribute to Q4 operating income drop / Volume growth lifts revenue
20.11.2024
POLYMER PRICES
Polyurethane feedstocks November: Weak demand pressures isocyanate prices / Extended Christmas holidays to prolong decline
20.11.2024
TOPAS ADVANCED POLYMERS
Delays in construction of COC plant in Germany / Production to start much later
20.11.2024
FORTUM
CCU yields ‘breakthrough' PHA / Same properties as virgin plastics claimed
20.11.2024
BRENNTAG
Price pressure causes profit decline / Chemicals distributor confirms savings targets
19.11.2024
Social networks
Price Reports and Announcements
POLYMER PRICES
Polyurethane feedstocks November: Weak demand pressures isocyanate prices / Extended Christmas holidays to prolong decline
20.11.2024
PIE SPOT PRICE MONITOR
Quotations continue to slide despite rise in monomer costs / Demand remains weak
19.11.2024
POLYMER PRICES
Engineering recyclate November: Price slump slows down / Converters nevertheless call for reductions / No recovery expected in December
18.11.2024
POLYMER PRICES
Standard recyclate November: Weak demand puts further pressure on prices / Processors reduce stocks before year-end
15.11.2024
POLYMER PRICES
China engineering thermoplastics October: Prices mostly sideways to lower / Strong rise only for PBT / Low demand dominates / Little change to falling quotations expected in November
15.11.2024
POLYMER PRICE FORECASTS
Slight discount on naphtha pressures precursor prices / Polymer quotations to rise from February
14.11.2024
POLYMER PRICES
Standard thermoplastics trend November: Prices unchanged or slightly down despite rise in monomer costs / Demand still weak
12.11.2024
ORION ENGINEERED CARBONS
Price hike announced for speciality carbon black grades
08.11.2024
POLYMER PRICES
China standard thermoplastics October: Positive macroeconomic outlook boosts prices for nearly all grades / Some feedstocks rise unexpectedly / Demand weak as off-season approaches
07.11.2024
POLYMER PRICES
North America October: Weak market conditions dominate picture in all segments / Reductions, rollovers everywhere / Softer cost side / November expected to be lower
05.11.2024
Readers' Choice
LOGISTICS
Another Trump presidency is a step in the wrong direction – analysts / Port strikes in Canada put pressure on chemical industry
08.11.2024
LOGISTICS
Backlog at Europe's ports drives up freight rates / Container shortage in China
15.11.2024
AMCOR
Swiss giant to acquire Berry Global for nearly EUR 8 bn
19.11.2024
TRINSEO
Plastics group still deep in the red / Sale of German plant, PC licences to Deepak Nitrite
18.11.2024
EDITORIAL
After a political earthquake, the plastics industry sits somewhere between relief and trepidation
08.11.2024
COVESTRO
Management, supervisory board recommend sale of shares to Adnoc / Arab company pledges to preserve Covestro
12.11.2024
PETROCHEMICAL MARKETS
Polyethylene: Borealis declares force majeure for production in Finland
12.11.2024
EUROZONE ECONOMY
German investor mood sours after Trump victory / Ifo reports more signs of economic problems / Order shortage in plastics sector
13.11.2024
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Date of print: 21/11/2024
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