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In the Spotlight
RENEWABLE ENERGY
International Energy Agency examines transition trends in Latin America / Resource-rich region “well positioned” to lead
With Europe still sweeping up the shards of its shattered gas and nuclear dreams and struggling to get its balance in renewable energy, its nations could cast a glance southward for sympathy or a different perspective. A new in-depth analysis of the energy market in Latin America and the Caribbean published by the International Energy Agency sketches the backdrop. For its report entitled Latin America Energy Outlook, the agency surveyed the full range of fuels and energy technologies used across the... (08.12.2023)
LOGISTICS
Less than 14 mn containers shipped worldwide / Austria introduces CO2-dependent lorry toll
According to Institute for the World Economy’s indicator for November 2023, hardly anything has happened in terms of exports and imports in Germany since the outbreak of the pandemic. The growth in exports is only due to the rise in prices, and not to an increase in volumes, it says. Imports in November... (08.12.2023)
PLASTICS RECYCLING
NGO urges swift, collaborative action to scale up reuse systems / Call for shared infrastructure, standardised packaging and incentivising returns – EMF report
The Ellen MacArthur Foundation is calling for a fresh approach to “revolutionise” the reuse of plastics. “Reuse urgently needs to be scaled and collaboration is essential to make the economics work,” the NGO said in its latest study entitled Unlocking a reuse revolution: scaling returnable packaging,... (08.12.2023)
US PLASTICS INDUSTRY
Slowdown likely next year / Sector posts trade surplus in H1 / Consumption to flatten
The US plastics industry is expected to report less growth this year and in 2024 due to the global economic environment, according to Perc Pineda, chief economist for the US Plastics Industry Association. He said business activity in the plastics industry likely eased this year and will also slow in 2024... (07.12.2023)
PETROCHEMICAL MARKETS USA
Propylene: Fire at Enterprise Products Partners' PDH plant in Texas
On Monday, 4 December 2023, a reportedly manageable fire broke out in one of Enterprise Products Partners’ propylene dehydrogenation plants at the Mont Belvieu site in Texas. As reported by PIE’s cooperation partner RTi, the affected PDH 2 with a capacity of 750,000 t/y had to be shut down for safety... (06.12.2023)
INEOS
Shutdown at Belgian PTA line to become permanent
The dismantling of European industrial plants continues, with the most recent occurrence set for Geel, Belgium, where petrochemical group Ineos plans to cease operations at the smaller and older of its two production lines for terephthalic acid. The company, citing high costs for energy, raw materials,... (06.12.2023)
PLASTICS WASTE
Eurostat: Turkey remains top destination for EU plastic trash / Exports increase 10% / Regulation still ineffective
Out with the rubbish: European statistics office Eurostat has announced that EU countries exported around 6.4 mn t of recyclable plastic, glass, and paper waste to non-EU countries in 2022, an 8.4% increase over the previous year. EU imports also rose in the period, albeit to a lesser extent, climbing 4.2%... (06.12.2023)
Plastic Fantastic
Reborn as a regal chair
During his state visit to Kenya, King Charles III received a throne made entirely of marine litter. For a month, Kenyan environmental activists from the organisation Flipflopi collected ... (24.11.2023)
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Spot Price Monitor
Weekly updated spot prices
The pricing of feedstocks, PE and PP spot material in Europe is becoming increasingly important for the market.
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Price table of all feedstocks and polymers with weekly reference prices
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Latest News
AVANTIUM
Deal with compatriot firm to develop PEF packaging
08.12.2023
HUHTAMAKI
Launch of EUR 100 mn savings programme / Strategy to accelerate growth, boost efficiency
08.12.2023
LUKOIL
Evaluation of Bulgarian plants could end in sales / Scrutiny likely to affect plastics ops
08.12.2023
GAIKER
Pilot plant performs PET solvolysis in Spain
07.12.2023
RECYCLING
AI improves sorting of food-grade PP – researchers
07.12.2023
TOPPAN
Japanese conglomerate to build Czech barrier film plant
07.12.2023
PVC
ECHA report on additives could prompt new regs / Current workplace rules enough for resin / VinylPlus to address concerns
06.12.2023
MATERI'ACT
Forvia unit opens HQ, R&D centre near Lyon / Automotive supplier sets ambitious goals
06.12.2023
POLYMER PRICES
Composites/GRP November 2023: Resins ease / Inventory drawdowns cloud market / Glass fibres could be near bottom
05.12.2023
Social networks
Price Reports and Announcements
POLYMER PRICES
Composites/GRP November 2023: Resins ease / Inventory drawdowns cloud market / Glass fibres could be near bottom
05.12.2023
POLYMER PRICES
Engineering thermoplastics November 2023: Producers try desperately but unsuccessfully to keep their prices stable / Weak demand, abundant imports create long market / Converters face uncertain future
05.12.2023
INEOS STYROLUTION
Polystyrene price cut on monomer slump
04.12.2023
TRINSEO
PS price reduction after fall in styrene cost
04.12.2023
POLYMER PRICES
Polyethylene November 2023: Reduction in monomer contract also brings polymer price to its knees / No sign of trend turnaround in December
04.12.2023
POLYMER PRICES
Polypropylene November 2023: C3 decline pushes PP farther downward / Supply improves, demand doesn't / More rebates expected in December
04.12.2023
POLYMER PRICES
Styrenics November 2023: Significant drop in styrene reference lowers prices / Demand weakness persists / Further declines expected in December
04.12.2023
POLYMER PRICES
Paraxylene November 2023: Contract falls on low demand
04.12.2023
POLYMER PRICES
Base petrochemicals, aromatics and feedstocks November/December 2023
04.12.2023
POLYMER PRICES
Styrene December 2023: Contract drops to lowest mark since July
01.12.2023
Readers' Choice
PETROCHEMICAL MARKETS
Repsol declares multiple forces majeures / Fire reportedly impacts styrene, propylene oxide, glycol, polyols
29.11.2023
PVC MARKET
European suppliers in fight of their lives / Firms slash production as demand dries up / Plant closure, shift abroad
01.12.2023
ELECTRIC VEHICLES
Carmakers rethink investments as demand wanes / Consumers still worry about prices / EU examines Chinese imports
04.12.2023
ADNOC
State-owned company reportedly plans to acquire BASF subsidiary Wintershall Dea
27.11.2023
UPDATE - LYONDELLBASELL
Polyolefin supplier to review profitability of European plants / Management could axe low-margin sites
01.12.2023
EMS
Polyamide producer to hire more staff in Europe / Increase in demand for electric vehicles
28.11.2023
DOW
Chemical giant approves spending for ‘net zero' cracker / Plans for Canadian complex include 2 mn t/y of PE capacity
05.12.2023
OPINION
"It's about more than just PET," says Daniel Stricker
01.12.2023
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Date of print: 10/12/2023
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