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PIE 1088 of 06.12.2021
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In the Spotlight
HIP PETROHEMIJA
Serbia ready to sell its shares – reports / Gazprom unit to be majority shareholder
The sale of Serbian polyolefin producer HIP Petrohemija could be a done deal. Local media reports say the Serbian government headed by Aleksandar Vucic approved all conditions for the sale of its 75.27% stake in HIP to Gazprom subsidiary Naftne Industrije Srbije in November. The potential buyer, which supplies raw materials to the Serbian company, already controls a 20.86% stake. Coincidentally, Russia recently promised Serbia that it would not increase prices for natural gas in the next six months.... (07.12.2021)
PETROCHEMICAL MARKETS
C2/C3: Broad impact expected from Dow cracker shutdowns / Reduced output for styrene, polyols
MEDICAL PLASTICS
Report assails European hospital purchasing, waste practices / Calls for lower plastics consumption
Confirmation of shutdowns at two of the three Dutch-based crackers in Terneuzen run by US resin maker Dow has consequences for a range of other plants and downstream products. A technical... (06.12.2021)
The healthcare sector must reduce its unnecessary use of plastic products and seek safer and more sustainable alternatives, according to the Belgian NGO HealthCare Without Harm Europe.... (06.12.2021)
POLYMER PRICES
Engineering thermoplastics November 2021: Prices show little movement in November / Significant increases imminent for flame-retardant and reinforced materials
COMPOSITES
German-speaking industry meets for “JEC DACH” / Global output down 14% in 2020
With only few exceptions, there was very little movement with engineering thermoplastic prices on the European market. The main reason was that many compound quotations had already been... (06.12.2021)
The European composites market last year shrank nearly 14%, a rate that mirrored the decline in the world market, according to Elmar Witten, managing director of German reinforced plastics... (03.12.2021)
ENI
Explosion at Italian refinery in Livorno / No injuries reported
LOGISTICS
Supply chains rattled by Omicron variant: freight rates rise considerably / Shipping companies in need of crew
An explosion shook Italian oil and gas group Eni’s domestic refinery at Livorno on 30 November 2021. According to local media reports, the resulting fire was put out by fire fighters from... (02.12.2021)
Back to square one? Global supply chains fear the new coronavirus mutation. Though there’s not yet much information on the Omicron variant, governments across the globe are reacting with a... (02.12.2021)
Price Manager
Plastic Fantastic
Out with the old, in with the old
New Yorkers are a proud folk, people who expect the world to marvel at their famous landmarks: the Empire State Building, the Christmas tree at 30 Rockefeller Center, and the Coney Island ... (03.12.2021)
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Latest News
POLYMER PRICES
Russia November 2021: Most prices rise only moderately / PS, PET up sharply / High prices hurt domestic demand / Few imports
07.12.2021
POLYMER PRICES
Composites/GRP November 2021: Resin, glass fibre still soaring / Producers eye energy surcharges / Glass fibre prices seen higher in January
07.12.2021
WESTLAKE
USD 1.2 bn offer for Hexion coatings, composites ops / Materials used in wind turbine blades, car components
07.12.2021
NEXEO PLASTICS
Distribution of TPUs from China-based Wanhua Chemical in parts of Europe
07.12.2021
TEKNI-PLEX
Takeover of Mexican extruder maker Johnson Plastic Group
07.12.2021
SABIC
Circular resins from mixed and marine waste said to be world first / Products made of these materials due soon
07.12.2021
SYNTHOS
Conclusion of takeover of rubber business from Trinseo / German plant changes hands
06.12.2021
SI GROUP
Distribution partnership with Brenntag renewed, expanded / Addition of chemical intermediates, coating resins in EMEA
06.12.2021
SOLVAY
Accelerated delivery of PPA grades for automotive sector
06.12.2021
Price Reports and Announcements
POLYMER PRICES
Russia November 2021: Most prices rise only moderately / PS, PET up sharply / High prices hurt domestic demand / Few imports
07.12.2021
POLYMER PRICES
Composites/GRP November 2021: Resin, glass fibre still soaring / Producers eye energy surcharges / Glass fibre prices seen higher in January
07.12.2021
POLYMER PRICES
Engineering thermoplastics November 2021: Prices show little movement in November / Significant increases imminent for flame-retardant and reinforced materials / Production cutbacks with base polymers
06.12.2021
TRINSEO
PS, copolymer prices hiked again
03.12.2021
POLYMER PRICES
Polyethylene November 2021: Waning pre-Christmas demand pressures prices / Producers, converters stake out positions for new year / “Groundhog Day” again for EVA
03.12.2021
POLYMER PRICES
Polypropylene November 2021: Costlier C3 boosts prices / Record highs for film, some compounds / Energy surcharge rebuffed for now / Demand generally soft
03.12.2021
POLYMER PRICES
Styrenics November 2021: Prices soar by triple-digits / Record highs for EPS, ABS / Slight increases likely in December / Energy costs on the table again?
03.12.2021
BASF
Price hikes for butanediol, secondary products
02.12.2021
POLYMER PRICES
PVC November 2021: Relentless price rise continues / Triple-digit increases on energy, logistics costs / Market situation still tight / No end to high prices in December
02.12.2021
POLYMER PRICES
PET November 2021: Brief respite at the beginning of the month gives way to panic due to new coronavirus variant / Gaping emptiness in supply / Spot prices already exploding / Contracts could follow suit
02.12.2021
Readers' Choice
RAW MATERIALS
Ifo Institute: Material shortages worsen in Germany / Price hikes on the way
02.12.2021
ENI
Explosion at Italian refinery in Livorno / No injuries reported
02.12.2021
LOGISTICS
Supply chains rattled by Omicron variant: freight rates rise considerably / Shipping companies in need of crew / Lack of truck drivers aggravated by Sputnik stigma
02.12.2021
LOGISTICS
Rhine river's low water levels continue / Container freight rates stagnate across the board
25.11.2021
UPDATE - OWENS CORNING
Options for short glass fibres operations could include sale / Materials used to reinforce plastic compounds
25.11.2021
PETROCHEMICAL MARKETS
C2/C3: Broad impact expected from Dow cracker shutdowns / Reduced output for styrene, polyols
06.12.2021
IKEA
Consumer plastic packaging to be eliminated by 2028 / Polymers may still be used to package food
25.11.2021
CHEMICALS AND CLIMATE
Decarbonisation of cement, chemicals, steel sectors could halve industrial emissions / Three levels of solutions in focus / Lux Research report
24.11.2021
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Date of print: 07/12/2021
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