PIE 1119 of 24.03.2023 – Plastics Information Europe

PIE issue 1119

RUSSIA A year of war takes toll on Russian plastics, chemical industries / State payments support refineries
GLOBAL COMMERCE China, Gulf countries move closer to free-trade zone / Beijing, Riyadh strengthen ties / Sino-Arab deals on the rise
PLASTICS WASTE FEAD attacks mixed waste sorting / Tomra says such systems needed to meet EU targets
MCDONALD'S EU reuse targets to increase plastic packaging waste up to 300% – Kearny study / Fast food giant's official says regulation hurts economy, environment
RIALTI PP compounds, recyclates available in German-speaking countries / Meraxis to distribute products
LYONDELLBASELL Purchase of recycler, compounder Mepol / Deal covers facilities in Italy, Poland
UPDATE - DOMO CHEMICALS Supplier seals polyamide deal with South Korean compounder / Move brings resin to nearby car, electronics makers
CHEILJEDANG Biosol JV begins biopolymer compounding in South Korea
NATURE COMPOUND Work begins on German plant for biodegradable compounds
BIOPLASTICS Global production expands after pandemic / Patent filings rise / Advances in accelerated biodegradation / Nanomaterials go commercial
COVESTRO New TPU plant to be located in China / “Close to customers and value chains” / Project to include innovation centre
SK CHEMICALS Chemical recycling: EUR 92 mn deal with China's Shuye / Agreement includes depolymerisation plant for rBHET and rPET
NEXUS CIRCULAR Supply of recycled feedstocks to LYB, CPChem from new facility
QUANTAFUEL Cash woes hit recycling tech firm / UK-based Viridor submits takeover bid / BASF, Lego owner exit
CARBOLIQ Chemical recycling of complex multilayer films / Planned construction of a 10,000 t/y plant in Germany
POLYMER PRICES North America February 2023: Feedstocks drive prices up for polypropylene and polystyrene / PVC rises due to exports / Tendency for surplus in all segments / March expected to be weak
POLYMER PRICES China standard thermoplastics February 2023: Mixed price trend / Demand recovers but still tepid / March buying activity to increase as most industries enter peak season / New domestic capacity for PE, PS
POLYMER PRICES China engineering thermoplastics February 2023: Prices mostly sideways to lower / Post-holiday demand recovery slower than expected / Feedstock prices higher, BDO's massive jump drives PBT up sharply / Outlook mixed
POLYMER PRICES Standard thermoplastics trend March 2023: Polyolefin prices rise, styrenics fall / Monomer costs determine direction / Weak demand could lead to minor adjustments
POLYMER PRICES Standard recyclate March 2023: Prices remain under pressure amid weak demand / Only rPP and rPS increase slightly / April trending towards more price stability / Exception: accelerated downturn for rPET
POLYMER PRICES Engineering recyclate March 2023: Ordering remains weak with in part triple-digit markdowns / Signs of noticeable improvement in demand / Banking crisis surrounding Credit Suisse causes uncertainty
POLYMER PRICES Polyurethane feedstocks March 2023: Downtrend unbroken / Prices could soon bottom out / Demand slow to improve
EUROPEAN CHEMICAL INDUSTRY EU output shrinks 6% in 2022 / Capacity usage dramatically low / Expensive energy mars competitiveness / “Green” goals a challenge

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