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PIE 1124 of 09.06.2023
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CHEMICAL INDUSTRY GERMANY
Gas shortage takes its toll / Producers caught between rising prices, sinking profits / Firms look longingly to US
EU sanctions on Moscow's crude oil exports, price cap come into force / Domestic PP demand at record lows / Southeast Asian imports flood the market
Saving lives – Help Ukraine now!
“If Putin destroys our economy, he will topple our democracy”: Germany's Economics Minister Habeck and Covestro boss Steilemann at “high-level reception” of Kunststoffland NRW
Increasing consolidation of global transport groups / Rhine water levels rise / Container freight rates decline
The pivotal quarter ahead
Top Russian oil company official dies under mysterious circumstances / Critic of war in Ukraine
Possible strikes at German airports as recession looms / Ground crew walkout heaps pressure on air freight / Water levels on rivers continue to fall / Trend for container freight rates varied
Record price growth as business activity slows / Costs to remain high / European Central Bank rate hike larger than forecast / Recession imminent?
Barely a palm width of water under keel has Rhine shippers concerned / A solution to port strikes in sight? / Container freight rates still plummeting
PLASTICS INDUSTRY EUROPE
PIE flash survey on Russian gas: Half of the firms fear supply stoppage / France, Germany expect greater impact / Higher polymer prices in emergency case / Stockpiling, search for new suppliers
The perversity of war: Russia's billion-dollar export surplus
Index for energy commodities rises by 37%: HWWI economics institute / US government releases some of its strategic oil reserves / Relief on gas market due to milder temperatures?
Attack on Ukraine has consequences for European polymer trade flows / Shortage of Russian material makes itself felt in Eastern Europe / Moscow plans polymer price regulation / Flagship projects on hold?
Stopping Russian energy imports could lead to 18 months of recession in Germany / Other economists say consequences would be heavy, but it's doable / Baltic states halt Russian gas deliveries amid war
War in Ukraine drives surge in energy prices, air freight rates / 80% increase within a week / Container shipping likely to soon follow suit
NEWS FROM KI GROUP
Suspension of business relations with companies in Russia, Belarus
Billions in petrochemicals investments seek to make country an export nation by 2025 / Nord Stream 2 as acid test / Domestic demand grows faster than polymer production
Appointments to Trump cabinet have ties to industry / ExxonMobil CEO Tillerson to be secretary of state / Fracking proponents at the helm / “Foxes guarding henhouses”
ROSNEFT / BASHNEFT
Russian economy minister Alexei Ulyukayev arrested over alleged bribe involving ownership change at Bashneft / Kremlin's controversial privatisation drive continues
ChemChina to acquire 40% stake in VNHK petrochemicals hub near Vladivostok / Feasibility study for petchems project with Sinopec
SIBUR / SINOPEC
Chinese state-owned group completes acquisition of minority stake in Russian petchems producer / Collaboration at proposed Amur hub?
Share in ChemChina acquired / Chinese group in turn enters into Nakhodka mega-project
SIBUR / SINOPEC
State-owned Chinese conglomerate acquires undisclosed stake in Russian petchems producer / Taking existing collaboration to a new level
SIBUR / SINOPEC
Mega players sign strategic cooperation agreement for gas processing, petrochemicals / Chinese and Russian presidents as witnesses
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Bundesverband der Deutschen Binnenschifffahrt
Chevron Phillips Chemical
China National Chemical Corporation
Hamburg Institute of International Economics
VCI Verband der Chemischen Industrie
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© 2023 by Plastics Information Europe, Bad Homburg. All rights reserved. Access und use is subject to our
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© 2023 by Plastics Information Europe, Bad Homburg
Date of print: 09/06/2023
All rights reserved.