European polymer prices were unchanged over the week to 4th September. In the UK, prices rose across all grades as the Pound lost value against the Euro.   Asian polymers rose with increases of between 20 and 70 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, PVC, ABS and Polystyrene. In […]

Argentina’s president has heightened tensions with the UK over the Falkland Islands, warning he will impose economic sanctions on firms which exploit oil close to the British overseas territory.   In a national address, Javier Milei said the “winds of change” favoured Argentina’s claim to the islands, emboldened by signs the US might reconsider its […]

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.   The group – which includes Audi, Porsche, Skoda as well as the VW brand – […]

The Dutch central bank (DNB) has confirmed that billions of dollars in gold have been taken out of north America and relocated to London, citing “increasing geopolitical unrest”.   DNB said on Wednesday that 86 tonnes of gold had been removed from the US and Canada in a complex operation that took several months. It […]

European polymer prices rose over the week to 28th August. There were increases of between 20 and 40 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE and Polypropylene.   Asian polymers were mixed with increases of between 10 and 40 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, […]

The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced.   “This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans,” Trump posted on social media.   Venezuela’s […]

Long-term borrowing costs in the US rose again despite an announcement from the government that it would intervene to try to lower them.   Earlier this week, the Treasury Department said it would buy back more debt in a bid to lower rates being charged by investors on global bond markets, which governments and major […]

China has vowed to protect its interests after the US announced plans to widen economic sanctions against Iran and its trading partners, which include Beijing.   Foreign ministry spokesman, Lin Jian said China was firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to safeguard its rights.   This […]

European polymer prices rose over the week to 21st August. There were increases of 40 and 100 EUR per tonne reported in the prices of Polystyrene and ABS. In the UK, prices rose across all grades as the Pound lost value against the Euro.   Asian polymers also rose with increases of between 5 and […]

Donald Trump has said he will launch tougher economic measures against Iran, as well as any country that helps or does business with it.   The US president wrote in all capital letters on Truth Social that he was launching “the most crushing economic operation ever taken against any country”, without providing further details or […]