high quality Plasticizers-Europe H2 April 2024

  • high quality Plasticizers-Europe H2 April 2024
  • high quality Plasticizers-Europe H2 April 2024
  • high quality Plasticizers-Europe H2 April 2024
  • Does Europe still produce plastics in 2022?
  • Europe’s share of global plastics production has fallen from 28% in 2002 to 14% in 2022, with North America and China accounting for 17% and 32% respectively. And European plastics production has also decreased in absolute terms, even though demand for conversion and consumption of plastic products by end-consumers in Europe remains stable.
  • Why are European plasticizer plants reopening?
  • Producers have continued to operate European 2-EH and plasticizer plants at reduced rates in line with demand. Imports of all general-purpose plasticizers have been competitive, as freight rates fell and the local markets in Asia failed to show any demand improvement, particularly China on which hopes had been pinned.
  • Is plastic production increasing or decreasing in Europe?
  • Fossil-based plastics production is decreasing, while circular plastics production has increased by 29.2% since 2018, reaching a 19.7% share of overall European plastics production in 2022.
  • Why are plasticizer & OXO-alcohol markets stagnating in 2023?
  • With the year 2023 now into its second half, plasticizer and oxo-alcohol markets remain relatively stagnant globally. Demand failed to pick up as hoped and ongoing economic pressures left markets languishing in a slow demand cycle for many months.
  • How did plasticizer prices change in China?
  • In China, plasticizer prices moved up in January along with 2-EH prices, then fell back in February owing to slow demand recovery after the holiday. Prices only fluctuated slightly from March to May.
  • How have plasticizer imports impacted the oxo-alcohol industry?
  • Imports of all general-purpose plasticizers have been competitive, as freight rates fell and the local markets in Asia failed to show any demand improvement, particularly China on which hopes had been pinned. As gas prices and propylene costs have gradually come down, oxo-alcohol producers have been less squeezed.

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