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PIE issue 1140
PLASTICS ECONOMY EUROPE
11th PIE Market Survey: Business performance largely depressed / Hopes for recovery soar high / Low demand remains top concern / AI not a threat just yet
GLOBAL ECONOMY
German GDP contracts in 2023 / World Economic Forum survey forecasts weakness in Europe
SUSTAINABILITY
Trillions more investment needed to reach global net-zero targets – Deloitte
UPDATE - POLYMER PRICES
Feedstocks January/February 2024
POLYMER PRICES
Polyethylene January 2024: Contract unchanged, polymers follow suit / Producers close order books early hoping for increases in February
POLYMER PRICES
Polypropylene January 2024: Rollovers dominate the start of the year / Producers impose order freezes / High price markups expected for February
POLYMER PRICES
PVC January 2024: Price agreements hover around a rollover / Little impetus to boost demand / Firmer quotations for compounds possible in February
POLYMER PRICES
Styrenics January 2024: Only minimal movement at start of year / More dynamic movement expected in February on high premiums
POLYMER PRICES
PET January 2024: Prices rise unexpectedly / Red Sea attacks dampen imports / Converters forced to use European resin / Further hikes possible
PETROCHEMICAL MARKETS
PVC: Formosa declares force majeure on deliveries to Europe due to Houthi attacks in the Red Sea / More balance possible for European market
LOGISTICS
Situation for world shipping remains blue / Rat race for Germany's DB Schenker begins / Freight rates largely unchanged
POLYMER PRICES
Engineering thermoplastics January 2024: First down, then up – divided picture at start of year / Fewer, more expensive imports / Some stock-building activities expected for February
ASCEND
Dutch compounding unit set to close / Supplier to transfer production to Italy
BASF
Worse-than-expected fall in 2023 profits on write-downs and weaker sales / Impairments on energy unit Wintershall Dea hit net income
LYONDELLBASELL
Polyolefin technology licensed to China / New complex in Yulin / Western technology key to portfolio development
EXXONMOBIL
Lawsuit seeks to block shareholder vote on emissions targets / Decision to bypass SEC could provide stark precedent
DOW CHEMICAL
Earnings plunge in Q4, full year 2023 / CEO 'feels good' about outlook for plastics
POLYMER MARKETS
What influence does the conflict in the Middle East have on the supply situation and polymer prices? / Interview with PIE price expert Martin Bäcker
PACKAGING
Low-income countries to drive future demand / Sales of healthcare, convenience food on the rise / Smithers report
HUMANITARIAN AID
Global initiative issues recommendations for plastics packaging use
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Date of print: 19/03/2024
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