PIE 1115 of 24.01.2023 – Plastics Information Europe

PIE issue 1115

CAR INDUSTRY Poor profitability pressures investment / Spending on battery materials stagnates / European EV market to rebound in 2025 / EU registrations down in 2022
LEAR Three US plants being prepared for electromobility / Investment of over USD 110 mn
BORYSZEW Outline of plastics strategy for automotive supply / More components for e-mobility
NOVARES French car component maker sells two Portuguese injection plants to local firm Champalimaud
BORGERS Swiss firm Autoneum acquires car components ops / German site to serve as competence centre
LEONI Sale of automotive cable business stalls / Refinancing plans in danger
SOURCE ONE PLASTICS LyondellBasell German recycling JV to begin ops in late 2023 / Output of up to 40,000 t/y / LYB board “really behind” chemical reclaim plant, partner says
LUKOIL Italian refinery sold to Cyprus-based GOI / New owner connected to Israeli producer Carmel Olefins
KAZAKHSTAN Chevron Phillips to provide tech for KazMunayGaz PE plant / Plans for 1.25 mn t/y with HDPE / Concerns over possible sanctions against Sibur
OMAN Sabic, OQ, Kuwait Petroleum mull cracker project
QATAR QatarEnergy, Chevron Phillips award contracts for giant Qatari cracker / Partners raise target capacity
EUROPEAN ECONOMY Euro area headline inflation drops below double digits / Rise in core rate stokes concerns
RUSSIA Petchem industry braces for tough times / Lack of European tech pressures ops / Shortages for some resins
LOGISTICS Ever fewer containers on the waves / World trade largely stable / Will Chinese firm finally secure stake in port of Hamburg?
FRANCE Court expands ban on plastics packaging for fruit, vegetables / Ruling said to impact French food competitiveness / Recyclability should play a role, business groups say
SINGLE-USE PLASTICS UK government confirms ban on throwaway cutlery, plates / Details to be announced on 14 January
POLAND Almost two-thirds of Poles support ban on plastic packaging for produce – study / Nearly 30% unwilling to use costlier eco-friendly options / Deposit-return scheme postponed
ITALY Report says country tops European recycling sector / EU goals met / Group calls for measures to spur recyclate demand
POLYMER PRICES Standard thermoplastics trend January 2023: Polyolefins, PVC still in reverse / Styrenics turn upwards / Weak demand continues in new year / Broad reductions expected
POLYMER PRICES Standard recyclate January 2023: Prices still trending down / Restocking effects smaller than expected / Recyclers are hoping for better demand in February / High price pressure continues for rPET
POLYMER PRICES Engineering recyclate January 2023: Availability, demand largely balanced / Further reductions / Asian imports improve recyclate availability / Downward price trend to continue in February
PIE SPOT PRICE MONITOR Prices continue declines / Low volume, weak demand at turn of the year
POLYMER PRICES China standard thermoplastics December 2022: Most prices decrease amid soft demand / Some converters lower run-rates due to Covid outbreaks / January demand expected to be weak due to Chinese New Year
POLYMER PRICES North America December 2022: Widespread reductions / Good availability coincides with disinclination to buy / The many short-term production outages due to winter storms have little effect on prices / Weak start to the year
EUROPEAN ENERGY POLICY EU plans overhaul of emissions trading scheme / Officials approve natural gas price cap

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