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In the Spotlight
COVESTRO
Adnoc acquisition inches close to approval
— By PIE staff — The purchase of speciality chemicals group Covestro by Arab petrochemical giant Abu Dhabi National Oil Company is now close to completion. Only the approvals from the authorities are still pending, Covestro CEO Markus Steilemann told PIE at the K 2025 Preview in Düsseldorf, Germany.... (12:44)
PLASTICS WASTE
OECD records another fall in global trade for 2023 / More waste sent to non-member countries, halting previous trend
— By Elaine Burridge — Global trade in plastics waste and scrap continued to decline last year, falling by 3.4%, giving a strong indication that stricter controls are having an impact, according to a working paper published by the Organisation for Economic Cooperation and Development. The analysis,... (06:00)
K 2025
The year 2024 was “lousy” for mechanical engineering – Ulrich Reifenhäuser / Turning point in trend not expected until 2026 / Almost 3,200 exhibitors expected
— By PIE staff —  Ulrich Reifenhäuser, managing partner of plastics machinery manufacturer Reifenhäuser, has described 2024 as a “lousy year” for the industry. There was a lack of demand and orders across all companies, as Reifenhäuser reported at the recent K 2025 Preview at Messe Düsseldorf. As a result... (17.06.2025)
INEOS
Phenol/acetone activities in Germany to be discontinued
— By PIE staff — Sky-high energy prices and “blind devotion” to an additional carbon tax are the reasons cited by Ineos for the planned closure of its phenol and acetone plants at Gladbeck, Germany. From the company’s point of view, global overcapacity and cheap imports from China are also contributing... (17.06.2025)
DOW
Court orders Nova Chemicals to pay Dow over EUR 1 bn more / Long-running dispute drags on
— By PIE correspondent — In a long-term dispute running since 2006, an appeals court in Alberta, Canada, has ordered Nova Chemicals to pay Dow an additional CAD 1.62 bn in damages to cover the US company’s losses on an ethylene joint venture located at Joffre, Alberta. The award announced on 10 June 2025... (17.06.2025)
PLASTICS MACHINERY
The year 2024 swayed between crisis and catastrophe / Stagnation at best expected in current year / Increasing pressure of competition from Asia
— By PIE staff — First, the good news – the plastics and rubber machinery association within German machinery and equipment manufacturers’ association VDMA reports that price-adjusted orders received by the German plastics machinery industry in the first quarter of 2025 rose 5% compared with the same... (17.06.2025)
Latest News
WESTLAKE
Remaining plants in Pernis to be shuttered in 2025 / Resin supply from US planned
 		18:19
POLYMER PRICES
Polyurethane feedstocks June: More firmly fixed benzene price cannot slow downward trend / Aggressive imports hit TDI in particular / Demand could worsen as holiday season begins
 		10:52
BIESTERFELD
German distributor reorganises business divisions
 		06:00
CHEMICAL RECYCLING EUROPE
New guidelines published for best practices in chemical recycling / Framework spells out clarity and recommendations for companies
 		06:00
POLYMER PRICES
Engineering recyclate June: Prices fall again / Weak demand plus high stock levels create more pressure
 		17.06.2025
PIE SPOT PRICE MONITOR
Downtrend slows noticeably / Stabilisation, slight uptrend possible
 		17.06.2025
BOROUGE
EUR 460 mn logistics partnership with Adnoc to boost UAE petrochemical exports
 		17.06.2025
OMAN
Government support fuels growth of plastics processing sector
 		17.06.2025
POLYMER PRICES
China engineering thermoplastics May: Quotations decline amid weak demand / Feedstock costs mostly lower / June price trends point downwards
 		16.06.2025
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Price Reports and Announcements
POLYMER PRICES
Polyurethane feedstocks June: More firmly fixed benzene price cannot slow downward trend / Aggressive imports hit TDI in particular / Demand could worsen as holiday season begins
 		10:52
POLYMER PRICES
Engineering recyclate June: Prices fall again / Weak demand plus high stock levels create more pressure
 		17.06.2025
PIE SPOT PRICE MONITOR
Downtrend slows noticeably / Stabilisation, slight uptrend possible
 		17.06.2025
POLYMER PRICES
China engineering thermoplastics May: Quotations decline amid weak demand / Feedstock costs mostly lower / June price trends point downwards
 		16.06.2025
POLYMER PRICES
Standard recyclate June: Expensive input material, cheap virgin material, many imports – a toxic cocktail for producers / Uncertain development in July
 		16.06.2025
POLYMER PRICES
Standard thermoplastics trend June: No movement in polyolefins, PVC / Styrenics follow declining SM reference
 		12.06.2025
POLYMER PRICE FORECASTS
Naphtha price stabilisation, oversupply weigh on feedstock quotations
 		12.06.2025
POLYMER PRICES
North America May: Prices unchanged or down / Key sectors still weak / Tariff policy continues to create uncertainty / Feedstock costs predominantly lower / Sluggish environment set to continue in June
 		11.06.2025
POLYMER PRICES
China standard thermoplastics May: Prices for nearly all grades decrease on weak demand / Strong ordering, rising feedstock costs lift PET / Temporary positive effect of US-China tariff cut dissipates quickly
 		10.06.2025
POLYMER PRICES
PX May: Rollover despite Asian boom
 		05.06.2025
More Price Reports...
More Announcements...
Readers' Choice
LYONDELLBASELL
Possible sale of European plants to investor Aequita / Negotiations enter critical phase
 		06.06.2025
LOGISTICS
Freight rates climb to three-month high / Dispatchers face dilemma due to tariff confusion
 		06.06.2025
LOGISTICS
Upcoming end of truce between US, China causes freight rates to skyrocket / Von der Leyen proposes USD 45/bbl price cap on Russian oil
 		13.06.2025
CENTRAL AND EASTERN EUROPE
Poland's plastics industry shows signs of economic recovery / Average order book size growing in Finland
 		05.06.2025
PETROCHEMICAL MARKETS
Polypropylene: Grupa Azoty plant in Police down again
 		10.06.2025
TRADE WAR
US, China agree to reduce export restrictions; rare earths to be supplied again / Trump says relationship with China is ‘excellent'
 		11.06.2025
EUROPEAN ECONOMY
ECB cuts rates / Eurozone inflation drops below bank target / Growth forecast remains at 0.9% for 2025
 		06.06.2025
WELLMAN INTERNATIONAL
Indorama PET recycling subsidiary files for debt protection / Millions in losses due to high production costs
 		11.06.2025
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Date of print: 19/06/2025
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