MOSCOW (MRC) -- The upcoming Plastics Recycling Show Europe (PRSE), scheduled to take place from March 25-26 at the RAI Amsterdam, has been postponed due to concerns over the worldwide coronavirus outbreak, said Canplastics.
The announcement was made on March 10 by show organizers Crain Communications Inc. and PRE, the European association for plastics recyclers.
"The decision was made following consultations with exhibitors, speakers, pre-registered visitors and the venue, and considering the significant impact of international travel at this time,” the organizers said in a statement on the show’s website. “Our first consideration under these difficult circumstances must be for the health and well-being of all stakeholders involved in the event while national governments seek to contain the spread of this disease."
The organizers said they are “currently liaising with our exhibitors and other stakeholders to arrange alternative dates for PRSE."
A further announcement will be made as soon as dates are confirmed, they added.
As MRC informed earlier, global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
MRC