PE, PP prices go up, PVC ones stay unchanged in Europe
According to Chem-Courier’s data, PE prices gained €30 - 60/t week on week depending on the grade, or €70 - 125/t month on month, in Europe last week. However, this had no effect on demand.
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Feedstock volatility, rising polymer prices
At the beginning of last week, both “feedstock” and energy prices reached their highest levels in 10 years. The price of oil was 139 USD/barrel, NAPHTHA was 1,121.7 USD/t and the price of natural gas was 227.201 Euro/MWh.
KraussMaffei now with access to the Chinese capital market
The KraussMaffei Group (KraussMaffei) completed its listing on the Shanghai stock exchange on the 28./29. December 2018.
LyondellBasell plans to have an equity offering
LyondellBasell Industries, the world’s largest polyolefins maker, plans to exit bankruptcy in December or January.