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PIE issue 1142
RUSSIA
Two years of war: Rising prices for base polymers slow processor investments / Eastern turnaround in exports not up to expectations / Unrealistic plans for major petchem projects
TURKEY
Investments planned to boost domestic PP output / Projects due online from 2025 onwards
EUROPEAN ECONOMY
Morale in German plastics industry deteriorates – ifo / Manufacturers voice further concerns / Brighter outlook for services in Germany, Europe
POLYMER PRICES
PET February 2024: Upward trend reverses in the course of the month / Significant imports meet weak demand / Improved supply, slight pickup in demand ahead / Price cuts possible in March
POLYMER PRICES
PVC February 2024: Unspectacular month in rollover mode / Order activity still way below normal levels / Tough negotiations expected in March
UPDATE - POLYMER PRICES
Feedstocks February/March 2024
POLYMER PRICES
Polypropylene February 2024: Markups with significant profit margins frustrate processors / Upward trend to continue in March / Demand expected at previous month's level in weeks ahead
POLYMER PRICES
Styrenics February 2024: Strong styrene updraught leads to triple-digit price increases for all grades / Further significant hikes expected in March
UPDATE - POLYMER PRICES
Polyethylene February 2024: Producers improve margins in one fell swoop – much to the indignation of converters / Demand remains more than subdued / Easter lull expected at end of March
LOGISTICS
China undisputed leader in seaport ranking / Container freight rates take a breather
PLASTICS RECYCLING EUROPE
Reclaim capacity increases 10% in 2022 / Additional capacity required to reach 2025 targets
POLYMER PRICES
Engineering thermoplastics February 2024: Weak demand keeps calls for increases tight / Still no spring revival / Imports improve supply
STRATA PRODUCTS
Berry packaging group sells UK converter / Management plans to expand European sales
CONSTANTIA FLEXIBLES
Acquisition of majority stake in Aluflexpack / Public takeover offer for remaining shares
COVERIS
Packaging group buys Czech label manufacturer / Third acquisition in Eastern Europe
BERRY GLOBAL
Deal with Glatfelter creates billion-dollar polymers, fibres business
EU PACKAGING
Germany-Italy ‘deal' could scupper EU's packaging waste rules / Legal assessment adds to debate about proposed regulations
OXO-DEGRADABLE PLASTICS
European General Court upholds a directive banning oxo-degradables / Symphony's d2w products not included in ban
BASF
Costs cut by another EUR 1 bn / Further job cuts planned at Ludwigshafen / 2023 profitability of plastics-relevant segments shrinks
INEOS
Chairman's letter to EU leaders bemoans lack of competitiveness
COVESTRO
Plastics producer still in the red / Full-year revenues sink one-fifth as cost cuts partly arrest profit decline
VENATOR
UK producer to shutter German titanium dioxide line
BIOPLASTICS
Production capacity to see steep climb in 2028 vs 2023 / PLA, PHA, PA, PP lead growth
FOOD AND DRINK PACKAGING
Demand in Europe to rise 1.65% annually to 2028 / Increasing use of recycled plastics in beverage bottles – report
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Date of print: 19/03/2024
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