European polymer prices rose over the week to 25th September. There were increases of 10 EUR per tonne reported in the prices of LDPE and Polypropylene. In the UK, prices rose across all grades as the Pound lost value against the Euro.   Asian polymers were mixed with reductions of 20 USD per tonne reported […]

Nigerian billionaire, Aliko Dangote has announced that he is helping to fund a new $660m fuel pipeline between Ethiopia and Djibouti   The project will include a 120km pipeline connecting Djibouti’s Damerjog port to a distribution facility in Dewele, Ethiopia, as well as storage capacity of about 400 million litres.   It is expected to […]

The world’s advanced economies including the UK and US need to cut borrowing and reduce debt levels following weeks of spiralling government interest costs, the head of the International Monetary Fund (IMF) has warned.   In an exclusive interview, Kristalina Georgieva said global economic shocks had been “pushing debt levels up like a staircase not […]

Sir Jim Ratcliffe’s petrochemical giant, Ineos is pausing production at its three sites in Hull, blaming high UK gas prices.   Ineos has confirmed up to 4,000 jobs are affected, 1,000 directly and another 3,000 in the supply chain.   The firm said gas prices in the UK are twelve times higher than in the […]

European polymer prices fell over the week to 18th September. There were reductions of 10 and 20 EUR per tonne reported in the prices of ABS and Polystyrene. In the UK, prices fell across most grades as the Pound gained value against the Euro.   Asian polymers rose with increases of between 20 and 80 […]

The United Kingdom’s (UK) chancellor is to warn the European Union (EU) not to lock the UK out of its scheme to protect industries from unfair Chinese competition.   John Healey will push for closer UK-EU partnerships on tech, defence, and manufacturing at a meeting of EU finance ministers in Dublin on Friday.   But […]

China has imposed a range of sweeping new rules restricting travel in and out of the country in a move that observers say will give the government even more control over its citizens.   Citizens deemed to have “harmed” China’s national security or interests while overseas can also be barred from leaving China for up […]

Japan’s central bank has raised its main interest rate to a fresh 31-year high as it continues to move away from decades of ultra-low borrowing costs and as the country faces increasing economic pressures.   In a widely expected move on Friday, the Bank of Japan (BOJ) increased the rate from 1% to 1.25% – […]

European polymer prices fell over the week to 11th September. There were reductions of between 5 and 140 EUR per tonne reported in the prices of PVC, ABS and Polystyrene. In the UK, prices fell across all grades as the Pound gained value against the Euro.   Asian polymers were mixed with increases of between […]

Donald Trump has called for interest rates to be cut later this month, claiming higher rates put the US at a “very unfair disadvantage”.   The president’s remarks came as stronger-than-expected jobs figures in the US added to growing expectations that rates could be increased, with inflation still running high and American households feeling the […]