Manufacturers of plastic containers and packaging in Germany report increasing problems with the supply of raw materials. The current quick survey among members of the plastic packaging association IK Industrievereinigung Kunststoffverpackungen paints an increasingly dramatic picture: three quarters of the companies surveyed rate the supply situation as bad to very bad. This applies in particular […]
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Month: March 2021
Sorting and disposal. How Ukraine is fighting waste and plastic
In the world, the fight against plastic bags and plastic has been going on for more than ten years. Whereas Ukraine was actively talking about the scale of the garbage problem only 5 years ago. According to the latest official data, Ukraine annually accumulates about 12 million tons of waste, of which only 600 thousand […]
Plastics processors in the Russian Federation will ask for government intervention due to a jump in raw material prices
The Union of Plastics Processors is preparing an appeal to the Russian government with a request to take measures to curb the rise in prices for basic raw materials, the union said. The union notes “an unprecedented rise in prices” and claims that the cost of polymer raw materials on the Russian market is breaking […]
March contract price of styrene increased by 48% in Europe
The contract price of styrene monomer in Europe was finally agreed for March deliveries at EUR1,551 / t, up EUR501 / t or 48% from the previous month, ICIS reported. The contract price was negotiated free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA). Thus, in the European market, agreement was reached on the March contract price for […]
Sabic announced force majeure on the supply of HDPE from the plant in the Netherlands
Sabic Europe, a subsidiary of the Saudi company Sabic in Europe, announced force majeure on February 16 to supply certain grades of low density polyethylene (HDPE) from its Geleen plant in the Netherlands, the company said in a letter to its customers. According to the letter, the force majeure was caused by unexpected technical problems […]
Substation contract prices in the USA increased by USD44 per tonne
US polystyrene (PS) contract prices rose 2 cents / lb (USD44 / t) higher in February on higher raw material costs and robust demand, ICIS reported. Production costs for polystyrene producers increased, with a significant increase in ethylene contract prices offsetting a slight decrease in benzene contract prices. PS demand has been strong in recent […]
Polypropylene in Russia has risen in price by 17% or more since the beginning of the year
The shortage of polypropylene (PP) on the world market increased in February, prices reached record levels over the past few years. A similar situation is observed in the Russian market, PP prices have reached record levels, according to the ICIS-MRC Price Review. In previous years, in January-February, polypropylene on the Russian market was getting cheaper […]