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Covid-19 impacts on the European plastics industry / Concerns for business performance change during crisis / Image of plastics appearing less negative / PIE flash survey

The coronavirus pandemic has resulted in some massive changes over a short time for many companies in the plastics industry. Various challenges have arisen from the current and expected business conditions, with the necessary refocusing of certain activities. To gauge the business trends in the European plastics industry during the Covid-19 pandemic, PIE carried out a flash survey from 8-15 May 2020. A large majority of plastics companies reported lower sales this spring compared to April 2019, with... (29.05.2020)

CORONAVIRUS Plastics industry sets its sights on face protection / “Overnight” mask and shield production scaled up	GLOBAL ECONOMY GDP to contract by 3.3% this year / EU market could see impaired border restrictions until 2021
Face visors and masks are indispensable protection now, especially for people exposed to the risk of infection with SARS-CoV-2 throughout the day. Face protection is also increasingly... (29.05.2020)	Lockdowns for more than half of the global population are expected to push the global economy into its worst recession since WWII, says credit insurer Euler Hermes. Global GDP is... (28.05.2020)
HUNTSMAN Sales boost quarterly profit / Acquisition of CVC Thermoset complete	SWITZERLAND Legislative initiative aimed at strengthening closed-loop economy / More recycling of packaging
Speciality chemicals group Huntsman has completed its acquisition of epoxy resin manufacturer CVC Thermoset Specialties. The US group paid Emerald Performance Materials around USD 300m... (27.05.2020)	The Environment, Spatial Planning and Energy Committee of the Swiss National Council launched a new initiative on 19 May 2020 aimed at closing material loops and reducing pollution. This... (27.05.2020)
RÖCHLING Plastics group undergoes stress test / Sales down 80% in April	PLASTIC ENERGY Study to build chemical recycling plant / Co-location with Viridor facility
On 19 May 2020, Hanns-Peter Knaebel, CEO of the Röchling group, presented the company’s results for fiscal 2019 in a video conference with the press. Sales grew almost 10% to EUR 2.35 bn,... (26.05.2020)	Plastic Energy, a specialist in constructing chemical recycling plants, has signed a memorandum of understanding with recycling and waste collection company Viridor to build a chemical... (26.05.2020)

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Latest News

THE NETHERLANDS Government to implement deposit-return scheme for smaller plastic bottles	29.05.2020
SIBUR Coronavirus pandemic and rouble depreciation dent Q1 results / ZapSib's new PP and PE plant mitigate negative effects	29.05.2020
DSM Launch of open platform for Covid-19 solutions / Production of masks and nose swabs for Dutch government	29.05.2020
HONEYWELL Supply of masks to UK health workers fighting Covid-19 / 450 jobs to be created at Newhouse site	29.05.2020
LG CHEM Expansion of carbon nanotube production planned	29.05.2020
ADDMASTER Expanded partnership in Europe with Belgian distributer Ravago	28.05.2020
PROFINE Acquisition of Aperture Trading's remaining business / Assets include extrusion lines in UK	28.05.2020
MTD Injection moulding plant in Hungary to close / Fewer dismissals than expected at German subsidiary	28.05.2020
FLEXIPOL Integration with Synpac and Palagan / Capacity expansion planned in UK	28.05.2020

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Price Reports and Announcements

POLYMER PRICES Polyurethane feedstocks May 2020: Steep plunge / Producer inventories full / Demand for the most part very weak / Downswing could bottom out in June	20.05.2020
PIE SPOT PRICE MONITOR Gap is widening under the influence of Covid-19	19.05.2020
POLYMER PRICES Engineering recyclate May 2020: Reductions of as much as EUR 300/t / Large-scale cancelling of orders / Most recycling line production cut back or shut down	19.05.2020
POLYMER PRICES Standard recyclate May 2020: Downtrend continues / Competition from cheaper virgin materials / Covid-19-related slump in demand / Margins are eroding / Further decreases expected in June	18.05.2020
POLYMER PRICES Russia April 2020: Notations fall noticeably / PVC moving upward / Virus pandemic shuts down refineries and production lines / Frequent supply overhangs despite shutdowns	15.05.2020
POLYMER PRICES North America April 2020: Unprecedented plunge in oil price causes thermoplastics prices to tumble / Inventories at record level after plant closures / Producers opt for shutdowns	15.05.2020
POLYMER PRICES Standard thermoplastics trend May 2020: With PE, most producers factor in half the C2 reduction / Battle for price cuts heats up / Industrial packaging on tough road back to normality	14.05.2020
POLYMER PRICES China standard thermoplastics April 2020: Negative crude oil prices impact domestic polymer markets / Only polypropylene rises on demand for medical supplies / Mostly low demand to continue in May	13.05.2020
POLYMER PRICES China engineering thermoplastics April 2020: Large falls for prices of most grades / Ups and downs of crude oil prices impact polymer markets / Subdued demand expected in May	12.05.2020
TRINSEO Price increase for polystyrene in Europe	11.05.2020

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PLASTICS RECYCLING Recyclers under pressure on three sides – plunging sales, shortage of base material and low virgin material prices / Production lines shut down till July / Fear of irreparable damage	20.05.2020
TECHNIPLAS Another major bankruptcy in automotive industry / Former Weidmann plants in Europe unaffected for now	19.05.2020
CORONAVIRUS Plastics producers among the European companies coming to the rescue / Face protection and materials for essential workers	18.05.2020
GLOBAL TRADE Covid-19 lockdowns could wipe out USD 2.4 tn of trade volume / Recovery expected in H2 2020 and 2021 / Rise in protectionism a concern / Euler Hermes report	22.05.2020
BOREALIS Plans for Kazakhstan cracker complex dropped / Pandemic clouds horizon	25.05.2020
GLOBAL ECONOMY GDP to contract by 3.3% this year / EU market could see impaired border restrictions until 2021 / Euler Hermes report	28.05.2020
RÖCHLING Plastics group undergoes stress test / Sales down 80% in April / Automotive division takes a breather	26.05.2020
PLASTICS ECONOMY Covid-19 impacts on the European plastics industry / Concerns for business performance change during crisis / Image of plastics appearing less negative / PIE flash survey	29.05.2020

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