As part of a restructuring during a recession in the industry, Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 MM. In early trading in Riyadh on Thursday, shares of the chemicals company plummeted as much […]
The European polyvinyl chloride (PVC) market witnessed a modest upward movement in spot prices this week, supported by a combination of firmer demand, higher overseas offers, and stronger upstream cost dynamics. While spot values advanced across the region, contract prices remained largely unchanged, indicating a cautious but improving sentiment among market participants. According to an […]
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