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In the Spotlight
EU POLICY
Commission presents new seven-year budget / Council, Parliament oppose taxation plans
— By Dede Williams — For more than a week, the staggering EUR 18.16 tn EU budget for the 2028-2034 period presented by European Commission president Ursula von der Leyen on 17 July, and subsequently tweaked slightly here and there, has been a hotly debated topic in parliaments and boardrooms across Europe... (06:00)
INDONESIA
Trade deal with US includes USD 8 bn for refineries – report / Jakarta to cut tariffs on nearly all US goods
— By Heather Arnest Liesch — As part of the recent trade deal between the US and Indonesia, the latter’s sovereign wealth fund Danantara plans to sign a USD 8 bn contract with US plant manufacturer KBR for 17 modular refineries, according to a Reuters report. Under the proposed agreement, KBR would be... (06:00)
EUROPEAN CAR MARKET
Registrations fall in June, H1 / EVs retain lead in market share / UK vehicle output plummets
— By Eric Culp —New car sales in Europe declined last month and in the first half of the year, according to the European automobile manufacturers’ association ACEA . June registrations in the EU, EFTA, and UK dropped 5.1% on the year to around 1.2 mn, the trade group said. According to PIE calculations,... (06:00)
PLASTICS ECONOMY GERMANY
Hope as a guiding principle / Plastics industry takes cautious “wait and see” approach / Sales volumes and prices remain problematic / One third satisfied with new government – KI Dialog survey
— By PIE staff — Uneven, but with a pinch of hope and, at the same time, a solid measure of experience-based pessimism – this is how one can summarise the results of the 49th KI Dialog survey by PIE’s sister publication Kunststoff Information on the economic situation in the German-speaking plastics... (24.07.2025)
PLASTICS TAX
EU levy set to rise to EUR 1,000/t from 2028
— By Somya Abrol — On 16 July, the European Commission announced a proposal for the EU’s long-term budget for the 2028-2034 period. The proposal, totalling EUR 2 tn, includes an increase in the EU plastics tax as part of the “new own resources”, presented within the budget. The rate is thus set to increase... (24.07.2025)
TRADE WAR
Some EU states want massive response to US tariffs – reports / Berlin, Paris prefer major pushback / Japan settles for 15%
— By Eric Culp — The European Union could resort to severe retaliation in its trade fight with the US after President Donald Trump said he would impose even more tariffs on the trading bloc beginning next month. A number of media outlets have reported that Germany and France are trying to sway other member... (23.07.2025)
Latest News
VERSALIS
Italian petrochemical group posts heavy losses again / Capacity utilisation falls below 50%
 		15:14
POLYMER PRICES
Butadiene August: Falling contract for fifth month running
 		12:22
LOGISTICS
Shipping companies massively expand capacity / Freight rates plummet
 		06:00
USA
EPA loses even more muscle / Zeldin touts big savings through ‘organisational improvements' and job cuts / NGOs challenge pollution rule exemptions
 		06:00
BOREALIS
Plans for first mechanical recycling plant shelved for now
 		06:00
AST KUNSTSTOFFVERARBEITUNG
Extension of cooperation with Dansk Emballage / Expansion plans for PE recycling in Denmark
 		06:00
PLASTIC PIPES & PRODUCTS
Egyptian pipe maker expands production capacities
 		24.07.2025
CURTEC
US investor acquires Dutch packaging specialist / Plans to expand in US market
 		24.07.2025
GUALA CLOSURES
Italian closures specialist opens plant in Scotland
 		24.07.2025
More...
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Price Reports and Announcements
POLYMER PRICES
Butadiene August: Falling contract for fifth month running
 		12:22
POLYMER PRICES
Polyurethane feedstocks July: Noticeable discounts at beginning of Q3 / Large amounts of material meet little demand / Prices expected to bottom out in August
 		22.07.2025
POLYMER PRICES
Engineering recyclate July: Holiday season, overproduction, aggressively priced imports, virgin material, weak demand create toxic combination
 		18.07.2025
POLYMER PRICES
Standard Recyclate July: Weak demand leads to widespread production cutbacks / Off-spec material puts additional pressure on prices
 		17.07.2025
POLYMER PRICES
China engineering thermoplastics June: Prices mostly sideways to lower / Only PBT higher on rise in feedstock costs / Demand mixed in traditional off-season / Little change to downward movement in July
 		15.07.2025
POLYMER PRICES
North America June: Prices trend sideways or firmer / Uncertainty due to US tariff policy / Hurricane season likely to trigger more stock purchases / Price increases announced for standard thermoplastics in July
 		15.07.2025
PIE SPOT PRICE MONITOR
Quotations trend mixed at start of holiday season
 		15.07.2025
POLYMER PRICES
Standard thermoplastics trend July: Little change for polyolefins, PVC / Further styrene contract decline puts pressure on prices
 		11.07.2025
POLYMER PRICE FORECASTS
Political risks weigh on petchem prices / Outlook through January
 		11.07.2025
POLYMER PRICES
China standard thermoplastics June: Prices trend mostly sideways / Weak demand balanced by rise in feedstock costs / LDPE, PET quotations higher / Most July prices to decline amid off-season
 		10.07.2025
More Price Reports...
More Announcements...
Readers' Choice
TRADE WAR
Brussels examines tariffs on US plastics, chemicals – reports / Materials part of long list of possible countermeasures
 		16.07.2025
ABS
Amount of possible provisional anti-dumping duties on imports from Taiwan, South Korea announced
 		22.07.2025
ABS
EU decision on provisional anti-dumping measures on imports from South Korea, Taiwan imminent / Risks from possible retroactive duties
 		15.07.2025
BASF
Group issues profit warning / Q2 sales down by over 2%
 		15.07.2025
ABS
Announcement of anti-dumping duties on imports from Taiwan, South Korea postponed
 		16.07.2025
EU POLICY
Commission presents Action Plan to address capacity closure risks / Streamlining of ECHA and REACH envisaged
 		17.07.2025
PETROCHEMICAL MARKETS
PU: Covestro declares force majeure on TDI and polyols from Germany
 		17.07.2025
LOGISTICS
Summer slump, thy name is Trump / Uncertainty over customs policy hampers global trade, depresses freight rates
 		18.07.2025
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Date of print: 26/07/2025
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