PIE 1118 of 08.03.2023 – Plastics Information Europe

PIE issue 1118

UPDATE - POLYMER PRICES Base petrochemicals, aromatics and feedstocks February/March 2023
POLYMER PRICES Polyethylene February 2023: Industry still in vale of tears / Production cutbacks follow weak demand / Will the upswing finally start in March?
POLYMER PRICES Polypropylene February 2023: C3 rise boost prices / Soft demand reduces size of hikes / Slight increases likely in March
POLYMER PRICES PVC February 2023: Prices move slightly upward for the first time in months / Demand picks up a little but is still restrained / Slight price movements expected in March
POLYMER PRICES Styrenics February 2023: Prices in weak rollover / Demand still subdued, supply more than sufficient / March's triple-digit drop in styrene reference to pressure prices
POLYMER PRICES PET February 2023: Clear drop in belated PX December reference causes prices to tumble again / Mood turns positive in the course of the month / Good start to season indicated for March
POLYMER PRICES Engineering thermoplastics February 2023: Market uproar / Aggressive pricing from Asia pressures European producers / Converters in price vice
BASF Management swings the axe / Production of TDI, caprolactam to end at HQ site / Plans to reduce adipic acid output / Company forecasts weak H1
TRINSEO Q4 core profit in nearly all segments plunges on weak demand, China Covid-19 impact, global uncertainties / Q4 group sales shrink by a quarter
KARPATNAFTOKHIM Shutdown at Ukraine resin maker continues one year after Russian invasion / Management sues Moscow for damages / Officials warn of ecological disaster
BRASKEM Cooperation with Finland's Coolbrook to assess electric olefin cracker technology / Pilot project planned
QUANTAFUEL Local approval to build UK chemical recycling plant / Completion expected in 2025
TITANIUM DIOXIDE Manufacturers suffer massive sales slump / Venator considers plant closures in Germany, Italy
LOGISTICS Nothing ventured, nothing gained: when will financial privileges for shipping giants be removed? / World trade at subdued level
PET RECYCLING FRANCE Loop Industries plans second French plant to chemically reclaim PET / Cooperation with Suez and SK / Huge market potential
SGT French PET preform producer sells company stakes / Recyclate production increased / Expansion of international business
ZEUS PACKAGING Irish packaging specialist buys 11th business in four years
EPS RECYCLING Collaboration aims to increase EPS/XPS recycling in France / Pilot project for sorting and processing EPS packaging waste in Germany
GERMAN PACKAGING MARKET Trade group survey sees end of downward sales trend / Earnings projections remain negative
SINGLE-USE PLASTICS LYB, Braskem respond to report on top producers of resins for single use / Indorama stays mum despite “positive outlier” rating / Most major firms decline comment
SINGLE-USE PLASTICS SUP waste rises 6 mn t in two years / ExxonMobil, Sinopec, Dow lead production, Minderoo Foundation says / Group wants “polymer premium” levy for resins made of fossil materials
PLASTICS AND HEALTH ECHA takes aim at “forever chemicals” PFAS / Some 10,000 substances under review / Bans or restrictions could affect imports to Europe

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