Judging by the first market offers, the price in August will increase by €30-60/t; however, whether the market will accept the increase will be known by the end of next week. "August is a period of three-week holidays in some European countries, so demand will decrease" one market player has said. Consequently, even a reduction in the amount of material available may fail to lead to a €50/t rise in product prices. There will be enough material to meet client needs. It may be possible to raise prices minimally, either in line with the monomer by €20/t or with a minimal additional increase of €10/t.
PE
- The contract price of ethylene has risen by €20/t from July;
- Some producers have already sent their initial offers to clients;
- According to market players, a Hungarian producer has increased their product price by €60/t; however, significant quantities for the spot market are not expected;
- Traders claim that one of the manufacturers is sending its first offers at a price €150/t higher than in July, but they add that the market will reject such an increase;
- European manufacturer has announced an LDPE price increase of €30/t;
- Players have reported reduced availability of LLDPE at the end of July.
PP
- This week has seen minimal activity in the market;
- Players are awaiting announcements from producers regarding current quotations;
- The price of propylene has increased by €20/t, as forecasted by Chem-Courier;
- There is currently little confirmed information regarding prices and material availability in the market;
- Czech producer announced its FM at the beginning of this week;
- The first containers from Asia were shipped last week. The situation should stabilise by the end of September.
