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POLYMER PRICES
PVC June 2022: Slight price drop for base material / Clearer reductions for S-PVC (U), pastes
POLYMER PRICES
PET June 2022: Seasonal demand clearly picking up / Higher feedstock costs raise prices
European PVC prices gave further way in June against a backdrop of weakening demand and a somewhat improved supply situation. This was after they had already declined in May following two... (04.07.2022)
The European PET market experienced a clearly noticeable upswing in June 2022. While demand remained surprisingly subdued in May, the usual seasonal surge started in June. European... (04.07.2022)
PETROCHEMICAL MARKETS
C2, C3, PE: Borealis reports cracker shutdown in Sweden / Possible throttling of local PE lines
GLOBAL TRADE
Insolvencies forecast to rise 10% this year, 14% in 2023 / Number of fragile companies in Europe contained
It’s all happening at the headquarters of Borealis: almost at the same time as the failure of a domestic refinery run by parent company OMV in Schwechat, the polyolefin producer has... (01.07.2022)
The war in Ukraine and Covid-related lockdowns in China have significantly shifted the balance of risks for companies, warns trade credit insurer Allianz Trade, formerly known as Euler... (01.07.2022)
LOGISTICS
Endless container chaos / Cancelled flights, port strikes further reduce transport capacity
BOREALIS
OMV refinery in Austria to be down longer than expected / Crackers, polyolefin plants probably more severely affected
Things are currently going haywire at a variety of European airports. With shambolic conditions already irritating UK travellers, German carrier Lufthansa alone has already cancelled more... (30.06.2022)
The damage to the OMV refinery in Schwechat, Austria, appears to be much more serious than initially assumed. The operator of a downstream cracker at the site said a “complete restart and... (30.06.2022)
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Date of print: 04/07/2022
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