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Targi Kielce’s Plastpol 2024. New technologies, new contacts, new supply chains27 Feb 2024 / ChemCourier. Polyolefins Market Weekly / company news

image1.jpgThe world of advanced plastics processing technologies, innovative injection moulding and extrusion machines, and modern polymer materials; this and much more will be at Targi Kielce's (Poland) for a four-day show in May 2024. Plastpol welcomes the most important industry companies from Europe and Asia; they all come to Kielce to present their latest offers. The organisers say that the expo space availability is now limited.

- According to all indicators, the International Fair of Plastics and Rubber Processing PLASTPOL will again reassure its positio of Central and Eastern Europe's largest event for plastics processing industry. For the 28th time, Targi Kielce brings together key companies; the event is held from 21 to 24 May 2024. The majority of our exhibitors with whom we have been cooperating for years have confirmed their presence. There are also many first-time exhibitors; they appreciate the power of the Plastpol in Poland. Companies from many European and Asian countries, including those from India, China, the Republic of Korea, and Turkey join the expo. National expo stands are held by Germany, the Czech Republic and Portugal - says Kamil Perz, director of the Plastpol project at Targi Kielce. – We already know that exhibitors will occupy the entire space of our exhibition and congress centre; we are open for the last registrations. There are not many spots available to choose from.

Remember that the last Kielce plastics processing expo in May 2023 hosted 600 companies from 29 countries and their extensive offer. About half of the exhibitors are foreign companies representing Austria, Belgium, the Czech Republic, Denmark, Egypt, France, Spain, the Netherlands, India, Ireland, Israel, Japan, South Korea, Turkey, Italy, Germany, Portugal, Romania, Switzerland, Sweden, Slovakia, Taiwan, Ukraine, UK, Hungary, Latvia and China.

- Plastpol has been designed for business and dialogue. The international character of the show is conducive to new supply chains, enhances contract negotiation, and boosts networking and contacts establishment. Leadds become contracts - emphasises Kamil Perz.

All information and registration for exhibitors available at https://www.targikielce.pl/plastpol   

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Dow posts Q4 2023 results6 Feb 2024 / ChemCourier. Polyolefins Market Weekly / company news

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Dow announced the Q4 2023 results on 25 January. The company’s net sales were $10.7 billion, down 10% from the corresponding period last year. A decline in all operating segments was due to slower global macroeconomic activity. Local prices decreased by 13% year on year, with a fall in all operating segments, due to lower feedstock and energy costs. Sequentially, local prices were flat, reflecting modest gains in most regions. Volume increased by 2% versus the same period last year, with growth across all regions except Asia Pacific, which was flat. Sequentially, volume slipped 1%, with the impact on the company’s site in Bahia Blanca, Argentina, caused by a severe unexpected storm in December contributing to that.

The Packaging & Specialty Plastics segment net sales reached $5.6 billion over the quarter, down 7% from the year-ago figure. Local prices dropped 11% on an annualised basis, driven by lower ones globally. Currency fluctuations lifted net sales by 1%. Volume increased by 3% year on year, led by higher packaging demand, primarily in the United States, Canada and Latin America. On a sequential basis, net sales climbed 3%, led by larger merchant sales of hydrocarbons and higher polyethylene prices in all regions. Equity earnings totalled $40 million, down $16 million compared with the year-ago period and down $10 million on a sequential basis, primarily due to the planned maintenance of the Thai joint venture facilities.

Operating EBIT was $664 million, an increase of $9 million from the year-earlier period. Sequentially, operating EBIT increased by $188 million, driven by higher integrated polyethylene margins, the impact of the planned turnaround activity in Q3 and higher licensing revenue. The Packaging and Specialty Plastics business reported a net sales fall on an annualised basis as higher demand for industrial and consumer packaging in all regions was more than offset by lower polyethylene prices. Sequentially, net sales increased slightly due to higher polyethylene prices and licensing revenue, which were partially cancelled out by reduced polyethylene supply.

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Ford may start making auto parts from olives15 Jan 2024 / ChemCourier. Polyolefins Market Weekly / company news

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Ford engineers in Cologne launched an innovative research project to explore how food waste could be re-purposed to create auto part prototypes. They found the parts to be durable and believe the research like this could enable lighter-weight parts, which will reduce the amount of plastic used in vehicle parts, the carbon footprint of auto parts and bring the company closer to its goal of using more recycled and renewable content in its vehicles.

The trial was conducted as a part of the COMPOlive project designed to demonstrate the impact of using materials made from recycled and renewable materials in auto parts. For the trial, the waste materials were sourced from olive groves in Andalusia, Spain, the region with the highest production of olive oil in the world. The prototype parts consisted of 40% olive tree fibers and 60% recycled polypropylene plastic heated and injection moulded into the shape of a selected part.

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Europe
18 Apr 2024INEOS Styrolution has decided to withdraw from the to convert post-consumer polystyrene (PS) waste into recycled polystyrene for food packaging applications announced
18 Apr 2024HDPE Northwestern Europe, € / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* FD Northwestern Europe HDPE inj 1150–1200 1150–1200  10 HDPE
18 Apr 2024PP Northwestern Europe, € / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* FD NWE PP homo 1250–1320 1300–1350  40  35 PP block copo
CIS
18 Apr 2024PP Ukraine, UAH / t (20% VAT inc.) Basis Product 18 Apr '24 Last week 21 Mar '24 Last month May '24* 18 Apr '24, $/t CPT Kyiv PP homo1 65 000–69 000 ê 3
18 Apr 2024HDPE Ukraine, UAH / t (20% VAT inc.) Basis Product 18 Apr '24 Last week 21 Mar '24 Last month May '24* 18 Apr '24, $/t CPT Kyiv HDPE film1 HDPE inj2 63 000–65
18 Apr 2024SPOT PRICES, RUB/t inc VAT* Apr 18 Apr 11 change Styrene FCA VFD 135,000—145,000 135,000—145,000 Downstream ABS CPT CFD 214,000—240,000 212,000—240,000 GPPS CPT
Americas
18 Apr 2024HDPE USA, $ / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* FAS Houston HDPE inj 930–970 1010–1050 ê 80 ê 40 HDPE BM 1060–1100
18 Apr 2024Benzene spot prices go somewhat down South Korean material en route to USG Styrene availability limited in USA The US benzene market has seen minor changes over the
18 Apr 2024Styrene spot prices steady Supply remains tight Styrene leaves USA for ARA, Mediterranean region and Brazil Styrene market stays firm in the USA amid limited
Asia
18 Apr 2024HDPE India, $ / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* CIF India HDPE inj 970–990 980–990 ê 5 é 30 HDPE BM 980–1010 1020–1040
18 Apr 2024PP India, $ / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* CIF India PP homo 980–1010 980–1010 é 20 PP block copo 1020–1030 1020–1030 é
18 Apr 2024Cargo Qty Load Disch Laycan Vessel DWT ‘000 t Styrene 3.0 Zhejiang, China Jiasheng, China H1 Jan Nan Lian 203 6.9 Styrene 3.0 Zhejiang, China
Middle East
18 Apr 2024HDPE Türkiye, $ / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* CIF Türkiye HDPE inj 1040–1080 1060–1100 ê 20 ê 20 HDPE BM 1050–1130
18 Apr 2024PP Türkiye, $ / t Basis Product 18 Apr '24 Change 21 Mar '24 Last month May '24* CIF Türkiye PP inj/raf 1100–1150 1140–1190 ê 40 ê 20 PP fibre 1140–1180
17 Apr 2024International Monetary Fund has released updated world economic outlook growth projections until 2025. Projections (Real GDP, %) 2023 2024 2025 Advanced Economies
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