European polymer prices were mixed over the week to 7th February. There was an increase of 25 EUR per tonne reported in the price of Polystyrene. In the UK, prices fell against most grades as the Pound gained value against the Euro. Asian polymers were also mixed with increases of 5 and 10 USD […]
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US job growth slows but unemployment low
Job growth in the US slowed last month but unemployment remained low, in a sign of a solid, if more subdued economy. Employers added 143,000 jobs in January, while the unemployment rate slipped to 4% from 4.1%, according to the Labor Department report. The figures set the stage as US President, Donald Trump, […]
Read MoreTrump hints at EU tariffs
US President Donald Trump has hinted the European Union (EU) could be next to face tariffs, after he slapped 25% levies on goods from Mexico and Canada along with an additional 10% tax on imports from China. While arriving in Maryland from Florida, Trump told the BBC that tariffs on EU goods imported into […]
Read MoreCanada announces retaliatory tariffs against US
Canada has announced retaliatory tariffs against the US, in a move that marks the beginning of a trade war between the neighbouring countries. Prime Minister Justin Trudeau set out “far-reaching” tariffs of 25%, affecting 155bn Canadian dollars’ worth ($106.6bn; £86bn) of American goods ranging from beer and wine, to household appliances and sporting goods. […]
Read MoreEuropean polymers mixed, Asian and US static. WTI and Brent Crude fall
European polymer prices were mixed over the week to 31st January. There were increases of 10 EUR per tonne reported in the prices of HDPE and LDPE. There was a reduction of 32 EUR per tonne noted in the price of PET. In the UK, prices fell against all grades as the Pound gained value […]
Read MoreRussia’s oil production fell, gas output rose in 2024
Russian Deputy Prime Minister, Alexander Novak, confirmed that, although crude oil output reduced by 2.8% in 2024 compared to the previous year, its natural gas production rose by 7.6%. Last year, Russian oil production stood at 516 million tons, said Novak, who is Russia’s top oil official and represents the country at the OPEC+ […]
Read MoreTrump warns of tariffs on imports from Canada and Mexico
US President Donald Trump has said he will follow through with his threat to hit imports from Canada and Mexico with 25% border taxes (tariffs) on 1st February. But he added that a decision about whether this would include oil from those countries had not yet been made. Speaking to reporters in the […]
Read MoreUkrainian drone hits Russian oil export route
An attack by Ukrainian drones on Russia’s Andreapol oil pumping station, part of the oil export route via the Baltic Sea port of Ust-Luga, has forced oil flows to stop, Bloomberg has reported. The attack also hit a Russian missile storage facility, causing a string of explosions. Ukraine has stepped up drone strikes on […]
Read MoreEuropean polymers rise, Asian mixed, US static. WTI and Brent Crude fall
European polymer prices rose over the week to 24th January. There were increases of 5 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE and Polystyrene. In the UK, prices rose against most grades as the Pound lost value against the Euro. Asian polymers were mixed with increases of between 10 and […]
Read MoreTrump in push to reduce oil prices
President Donald Trump has said he will ask Saudi Arabia and other OPEC nations to “bring down the cost of oil” and doubled-down on his threat to use tariffs. In a speech to executives at the World Economic Forum in Davos on Thursday, the US president said he was “surprised” that OPEC hadn’t brought […]
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