Baystar

Economic weakness leads to shrinking sales, profits / No news on Borouge

Onset of winter cripples plants in Texas, Louisiana / Exports to Europe only affected to a small extent

North America December 2023: Weak 2023 ends with price reductions, rollovers / Economic slowdown continues to affect demand / Falling feedstock quotations put polymers under pressure at start of 2024

North America November 2023: Rollovers, reductions prevail / Only PP moves higher / Weak orders coincide with ample supply / Year set to end on soft note

North America October 2023: Rollovers predominate, only PP and PS move up / Surplus in nearly all segments / End of strike in auto industry unlikely to affect prices / Reductions expected in November / Further uncertainty due to Middle East conflict

Borealis, TotalEnergies JV starts major US HDPE plant / Facility marks final step of integrated petchem project

North America August 2023: Prices vary / Firmer styrene costs prop up PS / Hurricane Idalia has no effect on prices so far / Extent of damage to polymer production not yet clear / September likely to be generally weaker

Trade and market disruptions worsen / Increase in PE, PP capacities / Ongoing investment in chemical recycling and decarbonisation projects

JV Baystar ethane cracker commissioned in Texas jointly with TotalEnergies

Borealis boosts results of Austrian parent / Polymer margins expected to decline in Q3