As forecasted by Chem-Courier, due to shortages of certain materials in the market, their prices have increased. The availability of imported material is expected to improve only in September, according to forecasts, prompting European producers to try to maintain or minimally raise PE and PP prices despite the summer period and the traditionally lower market sentiment during this time. However, if further increases occur, they may be in the range of another €10-20/t.
PE
- Demand for HDPE remained low compared to LDPE, same as last week;
- There is sufficient supply in the market to meet customer needs; however, some European producers have restricted deliveries;
- Players continue to note a shortage of Egyptian-origin HDPE;
- A European major producer, plans maintenance at its production lines starting from August;
- The price of European-origin HDPE has remained unchanged from the previous week;
- Traders assert that demand for LDPE with MFI=0,3 and MFI=0,8 has been at a high level;
- Some European producers have closed LDPE order books;
- USA Plastics Corporation has announced the closure of all production lines in the USA due to Hurricane Beryl;
- There is a shortage of LDPE with MFI=0,3 in the market, leading traders to note a price increase for this product;
- Market players have reported limited availability of LLDPE from US, Egyptian and Saudi origins;
- The value of European-origin material increased by an average of €45/t last week compared to June, but this week players have adjusted the lower range further upwards by €10/t.
PP
- Players have noted that demand for PP homo has been moderate, attributing it to the dumping by Polish manufacturers;
- Players have observed that demand for copolymers has been higher than for homopolymers;
- Market participants have reported significant delays in deliveries from South Korean manufacturers.
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