Dassault Systèmes' strong results for Q4
Dassault Systèmes today reports its IFRS unaudited estimated financial results for the fourth quarter 2024 and full year ended December 31, 2024.
Analysis
News Plastech
PP market stabilised in end-January with limited demand and anticipation of seasonal growth
After increased activity in mid-January, the PP market calmed down and by the end of the month prices remained stable. In H2 January, converters started to inquire materials for February delivery.
BASF Group releases preliminary figures for full year 2024
The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion).
Slow start to the polyethylene market in the New Year
During the first working week of the new year, following a long holiday break, the market remained relatively slow. By midweek, there was still a lack of clarity regarding pricing policies from producers.
Momentary setback for Italian plastics and rubber machinery manufacturers
The 2024 full-year forecast developed by the MECS Study Centre of the trade association Amaplast indicates a drop of approximately nine percentage points in Italian production of plastics and rubber processing machinery to an estimated value of 4.35 billion euros.
PP market has slowed down in mid-December
Most players expect the market to recover only in mid-January or early February, following the holiday season and the associated downtime.
Monomer price forecast changed
Given market players' expectations of a rise in material costs in September and the end of production downtime for most converters, demand is likely to increase next week.
Südpack named Innovations Champion by Wirtschafts-Woche
Each year, WirtschaftsWoche magazine has a total of 4,000 German medium-d companies independently analyzed for its annual innovation ranking. This year’s result is now in: For the third time in a row, Südpack ranks under the top 10.
Market players expect PE and PP demand to increase
Market players expect an increase in demand after the long weekend in Poland. Many producers will return from the summer shutdown next week. Processors will want to replenish their stocks of raw material ahead of a projected price increase in September.
Contract monomer prices are forecast to rise further in September
The tense political situation in various parts of the world may affect the plastics market in Poland. A Hungarian PE producer, for example, will face the issue of oil supply diversion.
Will the market accept an increase in ethylene and propylene prices?
Judging by the first market offers, the price in August will increase by €30-60/t; however, whether the market will accept the increase will be known by the end of next week.
European PE producers plan to raise prices next month
European PE producers plan to increase prices next month in line with rising ethylene rates. According to Chem-Courier forecasts, the value of ethylene is expected to advance by €20-25/t in August.
