Karlsruhe-Basel rail line set to be operational earlier than expected
On August 12, the ground above the new Rastatt tunnel in Germany subsided during a drill work conducted by Deutsche Bahn, which warped the railway tracks. Since then, rail transportation was immensely affected across Europe, resulting in higher freight rates as well as force majeure declarations stemming from delivery delays for many industry participants.
Shortly before the news come out, Ineos Styrolution reported to be planning to lift its force majeure on PS and ABS deliveries to Italy and Switzerland by early October, once the Karlsruhe-Basel railway is re-opened.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market
- China’s PE uptrend fueled by US force majeures; LDPE soars to more than 1-year high
- Stats: China’s cumulative PP imports in Jan-July 2020 reach record-high
- Sept PP, PE trend begins to take shape in Saudi Arabia
- Sept expectations voiced in Europe; ABS draws rosier picture than PS