Latest News & Insights

EU ABS trade declines sharply in January, according to recent data by Eurostat. EU27 experienced notable changes in the trade of acrylonitrile butadiene styrene (ABS) in January 2023. Exports decreased…

EU ABS price drop in March amid poor demand, according to GC Intelligence assessments. European acrylonitrile butadiene styrene (ABS) prices experienced a decrease in March. The decrease represents ongoing competitive…

EU car market grows for the seventh consecutive month, according to the latest figures by the European Automobile Manufacturers’ Association (ACEA). The EU passenger car market reported an 11.5% growth…

The auo industry urges better green trnasition. As the European Council Summit approaches, the European Automobile Manufacturers’ Association (ACEA) is reiterating its call for accelerated action to protect the EU’s…

PA6 prices plunge in March, taking a steeper than expected dip due to tough market conditions and weak demand from most segments. The GC Intelligence price assessments show ongoing price…

Polyamides (PA) EU exports plummet while imports surge in January 2023, according to the latest data from Eurostat. The EU27 saw a sharp decline in exports, which amounted to a…

Polycarbonate (PC) extrusion prices roll over in the European Union in March, according to the latest GC Intelligence price assessments. Extrusion grade polycarbonate (PC) prices have rolled over, indicating a…

Repsol and SEUR boost e-mobility by signing strategic agreement. Repsol, the multi-energy company, has partnered with SEUR to facilitate the transport company’s energy transition and fleet decarbonization in Spain. As…

PMMA prices stable amid falling gas prices. Polymethyl methacrylate (PMMA) prices in March have generally remained stable. They also weakened slightly in some segments, according to GC Intelligence assessments. Factors…

Euro Area and EU yearly industrial growth rises, according to Eurostat, the statistical office of the European Union. When comparing January 2023 with the same month in the previous year,…

LyondellBasell acquires Mepol Group. The company announced its decision to acquire Mepol Group, bolstering circular economy initiatives. The acquisition encompasses Mepol’s establishments in Poland and Italy, producing recycled and polymer…

LyondellBasell unveils sustainable growth strategy. LyondellBasell recently announced a new long-term strategy at the New York Stock Exchange, focusing on sustainable growth and appealing to ESG-minded investors. The strategy encompasses…

INEOS and Arburg focus on sustainable styrenics. INEOS Styrolution has announced its partnership with Arburg, a leading global manufacturer of plastic processing machines. The collaboration will merge Arburg’s innovative injection…

BASF launches acrylic complex. BASF has initiated construction of a state-of-the-art acrylic acid complex at its Zhanjiang Verbund site in China. Scheduled for operation in 2025, the new facility will…

Covestro lifts force majeure. The company is understood to have announced that it will lift the Force Majeure for polycarbonate (PC) products produced at its Filago site from May 1,…

European GDP remains stable. Eurostat has published its latest report on the GDP and employment for the fourth quarter of 2022. According to the report, the GDP of the euro…

DOMO Chemicals expands in Asia after signing a manufacturing contract with MIKA INC in South Korea. The partnership will enable MIKA INC to add the TECHNYL® brand of PA6 and…

Polyplstics unveils cost-saving PBT. Polyplastics has launched a new electrically conductive grade called DURANEX® PBT 201EB. The company specifically designed the material for millimeter wave radar applications. The new product…

LANXESS appoints urethane head. LANXESS has announced that Dominik Risse will become the new head of the Urethane Systems Business Unit effective April 1, 2023. He succeeds Markus Eckert, who…

Polypropylene (PP) prices surge in Europe by €70-90 per metric ton in February compared to January, according to GC Intelligence price assessments. This increase was mainly driven by the €80/mt…

INVISTA appoints new CEO. The company has announced the appointment of Francis Murphy as its new President and CEO, effective immediately. Murphy joins INVISTA after its acquisition of Flint Hills…

Eurozone inflation falls slightly. Eurozone annual inflation rate fell to 8.5% in February from 8.6% in January, according to a flash estimate from Eurostat, the statistical office of the European…

BASF appoints President in Ludwigshafen. The company has announced that Dr. Ketan Joshi will assume the role of President of the Intermediates Division in Ludwigshafen, Germany. The role will be…

INEOS Styrolution decreases prices. The company has announced decreases in the Gross Market Price for Polystyrene (GPPS) for March 2023. The decrease follows a triple-digit decrease in the feedstock styrene…

Trinseo hikes prices in March. The increases will apply polystyrene (PS), acrylonitrile butadiene styrene (ABS), and styrene-acrylonitrile (SAN) grades in Europe. The company notes the decision represents the increase in…

European Polybutylene Terephthalate (PBT) market faces downside pressure in February, according to the latest GC Intelligence market analysis. European PBT market prices continue to face downward pressure, with forecasts predicting…

The European Union car market grows despite challenges. The passenger car market has shown a positive start to 2023, with a growth of 11.3% to 760,041 units in January, according…