RUSSIA

EU sanctions on feedstocks, resins slash Russian production / Industry source says half of methanol capacity offline / Logistics issues, discounts slow exports to Asia

PET / POLYAMIDE

Pakistan floods could raise global prices / Loss of cotton harvest likely / Will synthetic fibre demand surge as in 2010/2011?

POLAND

Plastics industry: Post-pandemic investment activity rebounds / Energy crunch sparks pessimism / Recycling sector on brink of collapse

RUSSIA

Low demand slows polyolefin output / Lack of Western tech hurts resin makers / Price caps coming?

ENERGY

New UK Prime Minister offers support for energy costs / Move to help households, businesses

PLASTICS INDUSTRY USA

Increase in domestic shipments, machine making in 2021 / Trade deficit in 2020

RUSSIA

EU imports of Russian polyolefins surge in H1 / Increased purchasing on embargo fears / Exports outside Europe plummet

ENERGY

Call for windfall tax on oil and gas profits to boost renewables spending / Cut in consumption, more investment needed to address energy crisis / UN report

RECYCLING SPAIN

Chemical recycling set for boom / Packaging reclaim at all-time high

UPDATE - RUSSIA

Polymer industry hit by weak demand / Downward price trend in July / Exports in disarray / Packaging, car sectors suffer

INDIA

Ban on SUP straws to disrupt sales of small beverage packs / Soft drink makers expected to be badly hit / Paper industry set to offer alternatives

RECYCLING USA

US Plastics Pact oversight group creates PET reclaim scheme / Initial funding target set at USD 25 mn

ARAB GULF STATES

Higher prices for oil, gas lift GDP in GCC countries / GlobalData raises 2022 growth forecast to 4.4% / Polymer exports of trading bloc continue to rise

CHINA

Economic growth limited by strict zero-Covid policy / Major Chinese cities aim to return to business as usual / Wood Mackenzie downgrades GDP forecast

PLASTICS RECYCLING USA

US reclaim rate drops, waste generation soars / Senate introduces bill to improve recycling in rural America

GERMAN ECONOMY

ZEW survey: Recession risk remains / Chemical sector under pressure

CHINA

The People's Republic turns to lightweighting and bio-based, recycled plastics / Beijing to ban conventional plastic packaging from express delivery outlets

ENERGY COSTS

Economic researchers call for major hike in gas prices to motivate companies to use less energy / Caution against “distorted incentives” through state aid

TURKEY

Record output, imports, exports of plastics products in 2021 / Resin production unchanged / War threatens material supply from Russia

MALAYSIA

Plastics market to increase 3% annually / Packaging for food, beverages to drive growth / Mordor Intelligence report