PIE 1166 of 10.03.2025 – Plastics Information Europe

PIE issue 1166

PLASTICS ECONOMY EUROPE 12th PIE Market Survey: The future looks hopeful / Businesses not looking forward to green transition / Trump administration causes ambiguity
EUROPEAN CHEMICAL INDUSTRY International competitiveness still deficient / Cefic sees need for “bold action”
EU POLICY Clean Industrial Deal unveiled in Brussels / 400 business leaders send urgent call to heads of state / Cefic praises ‘bold action' / Ineos's Ratcliffe prefers US approach
POLYMER PRICES Polyethylene February: Prices rise to varying extent / Availability adequate / Still no sign of spring recovery in demand
POLYMER PRICES Polypropylene February: Most agreements based on monomer rise / Sparse supply situation meets weak demand / Expectations remain cautious
POLYMER PRICES PVC February: Prices rise, no significant spring recovery / Increases also to be expected in March
POLYMER PRICES Styrenics February: Prices for PS and ABS follow costs amid weak demand / Higher premiums for EPS
POLYMER PRICES PET February: Market stays calm before start of season / Demand still subdued / PTA bottlenecks quickly overcome / Mild recovery expected in March
UPDATE - POLYMER PRICES Feedstocks February/March
LOGISTICS Trump administration proposes port charges on freighters built in China / Up to USD 1.5 mn per incoming vessel / Traffic at Hamburg port upset by strike
POLYMER PRICES Engineering thermoplastics February: Announced price increases fail to go through in full / Production still with reduced output, demand remains slow / Price increases expected in March
CELANESE Operating losses in Q4 / Downbeat outlook for Q1 2025 / Potential divestiture ahead
MOL Hungarian group profits fall in 2024 as petrochemicals remain in the red / Force Majeure at Bratislava lifted / Bottle deposit return scheme ramps up despite losses
SIRMAX Turnover of Italian compounder increases slightly / Start of construction for third plant in India
BASF Cost cuts save EUR 1 bn / Core profit to rise on growth in nearly all segments / Restructuring remains priority, says CEO
COVESTRO Revenue drops despite rise in sales volumes / Core profit slips / ‘Certain level of optimism' for 2025
RADICI Big bang in polyamides segment: sale of all PA materials activities to US investor Lone Star
CHEMOURS Strategic review of fluorochemicals assets / Workforce in France affected / Supply pact boosts titanium dioxide
UBE Competition from China pushes PA specialist to shut PA 6 base polymer plants in Asia / Production in Spain to continue
BOROUGE INTERNATIONAL Adnoc and OMV create USD 60 bn chemical giant / Borealis and Borouge to be combined / Nova Chemicals acquisition confirmed
PFAS France seals new restrictions / US states set own drinking water standards
PFAS Investigation unveils eye-popping cost of cleaning forever chemicals' pollution in Europe / “Lobbyists conduct disinformation to water down EU proposal to ban PFAS”

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