BASF’s EUR 7.7 billion coatings business sale changes the ownership structure of a major global coatings supplier. Chemical buyers should evaluate the potential impact on raw material demand, innovation and supplier relationships.
The transfer of LyondellBasell's European assets to Velogy has introduced fresh uncertainty for buyers of adhesive raw materials. Procurement teams sourcing European EVA, VAM and acrylic acid should closely monitor production plans at the French and German cracker sites.
This week's chemical market developments ranged from falling crude oil prices and coatings industry consolidation to China's new VOC regulations and Guinea's bauxite export restrictions. Here are the five developments procurement teams should be watching.
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