INEOS Styrolution has announced a €10 per tonne reduction in European polystyrene (PS) prices, effective August 1, 2025, marking a measured response to declining upstream styrene costs and subdued demand. The premium of high-impact polystyrene (HIPS) over general-purpose PS (GPPS) remains unchanged at €100/t. The company’s pricing decision follows a larger €35/t drop in the August styrene […]
On Tuesday, European propylene prices remained unchanged, with both spot polymer grade and CIF Northwest Europe (NWE) levels assessed at €750–760/mt FD NWE, showing no movement from Monday. According to a confidential industry source, this stability reflects abundant supply and conservative buying behavior: “Purchasers stayed wary, restricting acquisitions to urgent necessities … Many opted to […]
On Monday, CIF Northwest Europe (NWE) ethylene prices were unchanged at USD 800–810/mt, while FD NWE levels held steady at €705–715/mt, both in line with Friday’s assessments. The European market maintained a cautious tone as purchasing activity remained muted, with an anonymous industry source noting, “Purchasing activity in the region remained subdued,” and that buyers […]
thyssenkrupp Uhde’s subsidiary Uhde Inventa-Fischer has signed a letter of intent (LOI) with the Türkiye packaging producer KÖKSAN for the delivery of two PET production plants. The first plant will be located in Gaziantep, Turkiye, and the second one – together with Al Mutahida Packaging – in Babylon, Iraq. Each production line will have a […]
European ethylene markets slipped on Wednesday, with CIF Northwest Europe assessed at USD 815–825/mt, down USD 5/mt from Tuesday, despite rising upstream energy costs. The persistent sluggishness in downstream demand and buyer reluctance have weighed on sentiment, market sources reported. In contrast, FD NWE ethylene prices remained unchanged at €720–730/mt, signaling a divergence between international CIF and […]
Propylene markets in Europe weakened on Wednesday, with both CIF NWE and spot polymer-grade prices retreating amid sluggish demand and growing inventory pressure. CIF NWE prices dropped by €20/ton, settling at €720–730/mt, while spot polymer-grade propylene also fell to €710–720/mt FD NWE, reflecting buyer caution and oversupply ([turn0search0]). Market sources noted that weak fundamentals diminished […]
European ethylene prices saw a mild decline on Tuesday amid persistent weakness in downstream demand, while Asian markets held firm, reflecting divergent regional dynamics. Industry sources reported that CIF NWE ethylene prices in Europe dropped by USD 5/mt, settling at USD 820–830/mt CIF NWE, signaling cautious market sentiment as buyers remain wary of overstocking amid abundant supply […]
Propylene prices in Europe remained unchanged on Tuesday, with both spot and CIF NWE levels holding steady amid a stable supply backdrop and cautious buyer behavior. A regional industry source, speaking on condition of anonymity, noted that the European propylene market maintained price stability due to ample material availability. Buyers continued to purchase only essential […]
At least 40% of the European Union’s ethylene production capacity, equivalent to around 9.8 million metric tonnes per year out of a total of 24.5 Mtpa, is now at high to medium risk of closure according to a Wood Mackenzie analysis reviewing facilities at or below 80% utilisation rates, many of which are small to mid-sized […]
India and the United Kingdom formally sealed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, signaling a major deepening of economic ties between the two nations. Negotiated since January 2022 and finalised in principle in May, the pact unlocks tariff-free access for 99% of Indian exports to the UK, encompassing textiles, apparel, […]
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