PIE 1117 of 23.02.2023 – Plastics Information Europe

PIE issue 1117

PLASTICS WASTE European Parliament votes for stricter shipment rules / Trade bodies say export ban a major setback for circular economy, recycling
PLASTICS WASTE UK MPs lament government's decision to reject calls for bans on export of plastics scrap / Recycler calls for local investments
COMMENT PRE president Ton Emans reacts to MEPs' vote in favour of tighter waste shipment rules: “Plastics waste exports stop a key measure to keep valuable resources in the EU”
LOGISTICS Freight rates falling – why and for how long? / Restart of Chinese production set to boost domestic economy
ENERGY COSTS Natural gas prices fall sharply in January / Oil edges higher
UKRAINE War lowers packaging production / Slowdown in local resin output not surprising / Highly dependent from raw material imports / New year brings new bans on plastic bags
INEOS Preliminary figures show weak European markets / High energy costs, inflation curb demand
BOREALIS Earnings at resin maker sag after Q4 loss / JV contributions to OMV plunge
LYONDELLBASELL Compounds ops to be reorganised, managed separately / Polyolefins weakness hits Europe, Asia in 2022 / Earnings falter
PERSTORP Company touts “critical” step toward carbon neutrality / EU Innovation Fund Awards EUR 97 mn to Project Air
LG CHEM Plans to recycle marine waste with Netspa / Reclaiming fishing nets could cut emissions
APK German recycling firm secures investments from LyondellBasell, Lego owner Kirkbi / Expansion of recycling capacity for multilayer flexible packaging
BIFFA UK recycling company now in US hands / Private equity group finalises multibillion pound purchase
REPSOL Construction of next Spanish plant for polyolefins with recycled content / Move follows ongoing reclaim growth in Puertollano
PURECYCLE US firm to build its first European chemical recycling plant in Belgium / Initial capacity set at 59,000 t/y
BOREALIS Acquisition of majority stake in Belgian chemical recycling start-up Renasci
NORDIC PLAST Baltic-based plastics recycler boosts production with new sorting line
ALPLA PET recycling begins in Romania / JV supplies 18,000 t/y of bottle-to-bottle material / Second plant in Angola
TOMRA Plans for German sorting plant / Investment of at least EUR 50 mn
POLYMER PRICES China standard thermoplastics January 2023: Weak demand drives down prices / New Year's celebrations cut production / Recovery expected in second half of February
POLYMER PRICES China engineering thermoplastics January 2023: Prices mixed / POM, PBT, PA 6 follow feedstocks higher / Spring Festival mutes demand / Upswing expected
POLYMER PRICES North America January 2023: Prices largely unchanged or lower / Engineering materials slump / Tornado has little impact on prices / Rebound unlikely in February
POLYMER PRICES Standard thermoplastics trend February 2023: Higher monomer costs push polyolefin prices up / Rollover for styrenics / Demand picks up a little / Prices may therefore fall slightly
POLYMER PRICES Standard recyclate February 2023: Broad price declines / Weak demand combines with supply growth / Pressure set to ease in March / German recyclers benefit from energy cost cap
POLYMER PRICES Engineering recyclate February 2023: Strongest reductions hit polyamides, POM / Slight oversupply despite production cuts / Converters play a waiting game
POLYMER PRICES Polyurethane feedstocks February 2023: Price plummet continues / Weak demand, cheap imports apply pressure / Large-scale restocking rare / Downward momentum set to ease in March
PLASTICS ECONOMY Crisis mode becomes the norm for plastics industry in German-speaking Europe / Costs for materials, energy also fuel concerns about this year – KI Dialog survey

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