Europe
Recycled PET prices rise on higher costs.
Higher import costs, together with unsatisfactory producers’ margins, shifted pricing expectations toward a firmer market outlook in January. However, expectations failed to materialize by mid-January.
Two out of six ethane cracking furnaces have arrived in Antwerp, Belgium.
As exports rise, European plastic recyclers continue to face low demand for their products and competition with cheap imports.
Prices for recycled resins in Europe continued on a slightly downward trend over the last two months of 2024, influenced by very low demand, higher stocks and the lower cost of bottle scrap.
In November, the price picture was dominated by rollovers or even small price reductions, despite an increase in the cost of feedstock.
Carlos Tavares' resignation from Stellantis wasn't completely unexpected. Tavares had ruffled feathers with car dealers while suing suppliers over price disputes.
Saip Advanced Polyurethane Equipment has acquired a majority interest in Linden Polyurethane of Cuyahoga Falls, Ohio.
PVC's surprising resilience can be attributed to the margin recovery attempts by producers that have been keeping the momentum tilted to the upside over the previous few months.
Ford Motor Co. plans to cut 4,000 jobs in Europe by 2027 as it struggles to sell its new battery-electric cars amid a slowdown in EV demand in the region and increasing competition from Chinese rivals.
1 | |
2 | |
3 | |
4 | |
5 |