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PIE issue 1019
PLASTICS INDUSTRY
Global production rises to 348m t / Europe defends its position as second largest producer / Consumption increases slightly across all countries / Germany still largest European plastics processor by far
INEOS
New cracker and PDH facilities confirmed at port of Antwerp / Jim Ratcliffe says decline of petrochemicals in Europe to be reversed
BOROUGE
Three-year contract for transportation of 11m t of polyolefins / Adnoc L&S to organise container transport from Ruwais
INDIAN OIL
Two new polypropylene lines planned in India / Projected rise to top three PP producing nations
BASF
Framework agreement for Guangdong signed / Sustainability embedded in site concept / Wholly-owned cracker will produce 1m t/y of ethylene
SHELL
Another alpha olefins plant starts production in Louisiana / LLDPE comonomers
SOCAR
Agreement with BP to explore petrochemicals JV in Turkey / Giant refinery inaugurated in Aliaga
ASCEND
Expansion of PA 6.6 resin capacity in South Carolina / Investment of USD 35.2m
PETROCHEMICAL MARKETS
"Rapid" refinery and integrated petrochemical complex starts up in Malaysia / Major project by Petronas and Saudi Aramco
BASF / SOLVAY
EU greenlights polyamide deal / Required conditions outlined for the first time
KURARAY
JV with PTT and Sumitomo proceeds with butadiene derivatives plant in Thailand / Adjacent Kuraray MPD project also confirmed
IKEA
Parent company of furniture giant invests in plastics recycling plant in Amsterdam / Facility to use Umincorp's magnetic technology
INDORAMA
Thai group asserts itself in US – takeover of M&G's Texas PET plant approved / Commercial start of PIA production in Alabama / Entry into PET recycling
ALPEK
DAK Americas to buy PET recycling plant in US / New capacity of 45,000 t/y
POLYMER PRICES
Standard Thermoplastics Trend January 2019: Notations continue to crumble / Many producers unwilling to factor in cost reductions in full / Stabilisation in sight despite uncertain demand situation
POLYMER PRICES
Standard Recyclate January 2019: Prices remain stable despite falling virgin material prices / Recycled PET trending up / Demand fuelled by policies to increase recyclate usage in products
POLYMER PRICES
Engineering Recyclate January 2019: Rollover for all types / Prices unlikely to move much until Q2 / Surprisingly strong automotive demand / Situation with base material eases
PIE SPOT PRICE MONITOR
Upward trend on the horizon
PETROCHEMICAL MARKETS
PVC: Vestolit resumes supply from Marl / Force majeure remains in effect
POLYMER PRICES
Russia December 2018: Market remains weak / Prices falling across the board / Stabilisation in January
POLYMER PRICES
China Standard Thermoplastics December 2018: Most standard polymers head downwards / Demand largely subdued / Plants to shut down in January for Chinese Spring Festival
POLYMER PRICES
North America December 2018: Downward trend affects nearly all polymers / PA 6.6 again the exception
POLYMER PRICES
China Engineering Thermoplastics December 2018: Market mostly subdued on weak demand / Prices of feedstocks and polymers all point downwards
SINGLE-USE PLASTICS
Italy bans sale of plastic cotton swabs at the start of 2019 / More initiatives in other EU countries / Planned and enforced prohibitions and regulations across the globe
INTERVIEW
Chairman of the BPF Additives Group Steve Harrison outlines industry concerns about REACH and Brexit / "Two-year limit is too short for the UK additives sector"
UK RECYCLING
Government launches waste strategy / Plans for consistent recycling collections and increased producer responsibility welcomed by BPF
UNITED KINGDOM
Brexit deal suffers heavy defeat / Plastics companies concerned about no deal / Cefic asks for solution to avoid supply chain disruptions / BPF survey
© 2019 by Plastics Information Europe, Bad Homburg
Date of print: 21/02/2019
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