www.pieweb.com
PIE issue 1051
PLASTICS ECONOMY
How the German-speaking plastics industry is dealing with the consequences of Covid-19 / From value chains to solidarity in companies / Short-time working a relief but not a long-term solution
LYONDELLBASELL
Key profits fall on Covid-19 impact and low oil prices / Facilities for automotive idled or running at reduced rates / European crackers operating around 80% in Q2
DUPONT
Company temporarily shuts 50% of polymer capacity / Q1 EBITDA falls 8% to USD 1.3 bn
BOREALIS
Net profit feels Covid-19 effects and slips by a quarter in Q1 / Cost-cutting programme announced
BOREALIS
Fire at cracker in Stenungsund / Impact on polyethylene and PVC facilities unclear
PETROCHEMICAL MARKETS
LLDPE: Qapco declares force majeure on supply from Qatar / Less material from the US
VINMAR
Distribution of Egyptian-produced polypropylene in Southern Europe
ASCEND
Resinex to distribute “Vydyne” PA 6.6 resins in Europe
DOMO CHEMICALS
Extension of European distribution partnership with Ultrapolymers
GROLMAN
Distribution deal with Venator for pigments in Spain and Portugal
INEOS
Impag takes over distribution of titanium dioxide in Switzerland and Liechtenstein
SINGLE-USE PLASTICS
California plastic bag ban suspended amid Covid-19 pandemic
MEDICAL DEVICES
Deferment of MDR adopted by European Parliament / Smooth functioning of EU market is vital during Covid-19 outbreak
MEDICAL MASKS
New EU export authorisation scheme / Geographical scope widened
ITALY
Plastics tax postponed to 2021 due to Covid-19
UK
Government extends plastic packaging tax consultation due to Covid-19
NOVARES
Automotive supplier files for insolvency / EUR 115m needed / Nearly all plants worldwide at a standstill
TECHNIPLAS
Another major bankruptcy in automotive industry / Former Weidmann plants in Europe unaffected for now
CONTITECH
Almost half of plants shut down due to coronavirus pandemic / Production of medical PVC tubing in Italy
VISTEON
Q1 sales down 12.8% due to coronavirus impact / Shift to face shield production in Portugal and Brazil
MANN+HUMMEL
Coronavirus contamination control drives filtration product developments
GRAMMER
Auto parts supplier's Q1 earnings take a hit due to Covid-19
VERITAS
German automotive supplier insolvent
POLYMER PRICES
Russia April 2020: Notations fall noticeably / PVC moving upward / Virus pandemic shuts down refineries and production lines / Frequent supply overhangs despite shutdowns
POLYMER PRICES
China standard thermoplastics April 2020: Negative crude oil prices impact domestic polymer markets / Only polypropylene rises on demand for medical supplies / Mostly low demand to continue in May
POLYMER PRICES
North America April 2020: Unprecedented plunge in oil price causes thermoplastics prices to tumble / Inventories at record level after plant closures / Producers opt for shutdowns
POLYMER PRICES
China engineering thermoplastics April 2020: Large falls for prices of most grades / Ups and downs of crude oil prices impact polymer markets / Subdued demand expected in May
POLYMER PRICES
Standard thermoplastics trend May 2020: With PE, most producers factor in half the C2 reduction / Battle for price cuts heats up / Industrial packaging on tough road back to normality
POLYMER PRICES
Standard recyclate May 2020: Downtrend continues / Competition from cheaper virgin materials / Covid-19-related slump in demand / Margins are eroding / Further decreases expected in June
POLYMER PRICES
Engineering recyclate May 2020: Reductions of as much as EUR 300/t / Large-scale cancelling of orders / Most recycling line production cut back or shut down
PIE SPOT PRICE MONITOR
Gap is widening under the influence of Covid-19
POLYMER PRICES
Composites/GRP April 2020: Resins crash in April / Chopped strand mats under some pressure / Soft demand claims its due / Downswing may bottom out in May
LOGISTICS
Sharp decline in container throughput in European ports / Scheduled services suspended / Warehouses largely working at capacity / Truck spot rates plummeting / Increased number of insolvencies expected
INTERVIEW
“Balcony singing for the plastics industry” / Guido Marschall from plas.TV talks about his new video series
© 2020 by Plastics Information Europe, Bad Homburg
Date of print: 07/08/2020
Ref: 2d12x355cyqfip45bmy5o53p
KIVBHI
All rights reserved.
Access und use is subject to our terms of use.
URL: https://pieweb.plasteurope.com/default.aspx?pageid=154