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In the Spotlight
NIS
Hungarian MOL acquires majority stake in Serbian energy company from Gazprom
— By PIE staff — Hungarian oil and petrochemical company MOL plans to acquire a majority stake in the Russian-controlled oil company NIS, as announced by the companies involved in the transaction. Currently, 56.15% of NIS is owned by Russian energy giant Gazprom, while the Serbian state owns 29.87% of the shares, and then there are minority shareholders. According to reports, the US government has... (23.01.2026)
UPDATE - EU TRADE
Parliament freezes US trade deal / Zero tariffs for plastics, chemicals shelved / Mercosur agreement on hold for judicial review
— By Heather Arnest Liesch — EU lawmakers announced on 21 January 2026 that it was putting two major trade deals on hold, postponing approval of both the July 2025 agreement with the US and the deal with the Mercosur trade bloc. Parliament’s decision to suspend the EU-US deal was in response to US... (23.01.2026)
LOGISTICS
Crisis in European chemical industry weighs on business at major seaports / Following Maersk, CMA CGM also steering ships through Suez Canal again
— By PIE staff — Europe’s two largest ports, Rotterdam and Antwerp-Bruges, handled significantly less cargo last year than in the previous year. Although the final figures for the year are not yet available, the data for the first nine months already show declines of 2.6% to 320 mn t for Rotterdam and 3.8%... (23.01.2026)
PETROCHEMICAL MARKETS
TotalEnergies declares force majeure for PP from Feluy
— By PIE staff — Since 21 January, TotalEnergies’ polypropylene production in Feluy, Belgium, has been out of operation due to technical problems, according to a customer letter viewed by PIE. The company declared force majeure on granulate deliveries from its largest European polymer site. According to... (22.01.2026)
GRUPA AZOTY
Polish producer under renewed pressure as lenders demand EUR 949 mn repayment / Company given 23 January deadline
— By Somya Abrol — Polish chemical producer Grupa Azoty is facing new financial strain after Bank Pekao and a consortium of lenders called in nearly PLN 4 bn in loans. These are linked to the group’s polymer subsidiary, GA Polyolefins, which is in talks of being acquired by state-controlled chemical... (22.01.2026)
PACKAGING WASTE EUROPE
EU to implement labelling specifications by August 2026 / Visual harmonisation a PPWR priority
— By Dede Williams — To fulfil the promise of its new Packaging and Packaging Waste Regulation, the European Commission is preparing to introduce new labelling specifications for all packaging sold on the EU market from 12 August 2026. The legislative framework for implementation of the future rules is... (22.01.2026)
PLASTIC PACKAGING
‘Sustainable packaging often fails not because of the material, but because of the cost of the transition' / Peter Désilets and Lea Körber of the Pacoon agency in an interview with PIE
— By PIE staff — The packaging industry is under great pressure to change. Current topics include the PPWR, design for recycling, recyclate content, increasing labelling requirements, and sustainability communication. In an interview with PIE, Peter Désilets and Lea Körber from packaging consultancy Pacoon... (22.01.2026)
Plastic Fantastic
On a “forever” course downhill
— By PIE staff — What is more pretty, pure, and pristine than freshly fallen snow? When the world around us is blanketed in a white layer of frozen powdered sugar, we feel clean, safe, and ... (23.01.2026)
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Spot Price Monitor
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Latest News
POLYMER PRICES
Paraxylene January: Contract fixed significantly higher
23.01.2026
INDORAMA VENTURES
Thai PET giant ditches Czech recycler UCY Polymers / Sells all its 85% stake without getting anything in return
23.01.2026
PLASTIC FANTASTIC
On a “forever” course downhill
23.01.2026
SÜDPACK
German packaging manufacturer sells US plant in Wisconsin
23.01.2026
POLYMER PRICES
Butadiene February: First contract hike since March 2025
22.01.2026
ENVALIOR
Producer plans shutdown of glass fibre production in Belgium / Fibre milling to be relocated
22.01.2026
OXEA
Chemical group to cut jobs at German sites
22.01.2026
NOVARES
Auto supplier invests EUR 2 mn in Spanish plant / Upgrade boosts automation, quality, energy efficiency
22.01.2026
VENATOR
Industrial holding ICIG acquires insolvent TiO2 producer's German plant / Italian production site also finds investors
22.01.2026
Price Reports and Announcements
POLYMER PRICES
Paraxylene January: Contract fixed significantly higher
23.01.2026
POLYMER PRICES
Butadiene February: First contract hike since March 2025
22.01.2026
POLYMER PRICES
Polyurethane feedstocks January: Demand stagnates again while prices trend mixed / TDI imports push onto European market
21.01.2026
POLYMER PRICES
Engineering recyclate January: Price floor reached for many types; reductions prevail otherwise / Demand remains below average
19.01.2026
POLYMER PRICES
Standard recyclate January: Sluggish economy continues to dampen demand / Mostly rollover / Only very slight recovery expected for February
16.01.2026
POLYMER PRICES
Standard thermoplastics trend January: Polyolefins and PVC initially more stable again / Slight increase for styrenics
15.01.2026
POLYMER PRICES
China engineering thermoplastics December: Prices trend mixed despite mostly weak demand / POM rises starkly on low supply / Quotations expected to trend downwards in January
15.01.2026
POLYMER PRICE FORECASTS
Weaker naphtha pressures precursors / Little support for polymer prices
15.01.2026
POLYMER PRICES
China standard thermoplastics December: Prices down for nearly all grades / Seasonal weak demand / Feedstock costs lift PET quotes / Demand outlook remains low
14.01.2026
PIE SPOT PRICE MONITOR
Except for PP copolymer, little movement seen at start of year, but price increases in Europe are on the cards
14.01.2026
Readers' Choice
UPDATE - DOMO CHEMICALS
Local officials order continued operation of German plants / Production initially running at 30%
15.01.2026
DOMO CHEMICALS
French PA firm Polytechnyl enters creditor protection / Operations continue for now
16.01.2026
LOGISTICS
Shipping companies reduce transport capacity / Freight rates rise by double digits
16.01.2026
PETROCHEMICAL MARKETS
EVA: TotalEnergies plant in France reportedly out of service
20.01.2026
EU-US RELATIONS
European Union reconsiders trade deal with US over Trump's Greenland threats / EUR 93 bn in retaliatory tariffs on US goods back on the table – reports
19.01.2026
BASF
Zhanjiang cracker operational / Analysts concerned over strong dependence on Beijing
12.01.2026
AUTOMOTIVE INDUSTRY
Supplier organisation reports 104,000 job cuts over two years / EU strengths should be backed by policy / Commission's Automotive Package eases 2035 targets
19.01.2026
PLASTICS RECYCLING POLAND
Industry struggling for survival across Europe amid dwindling profitability / ‘The more companies fail in the West, the more will survive in the Eastern EU'
15.01.2026
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Date of print: 26/01/2026
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