PP market has slowed down in mid-December
Most players expect the market to recover only in mid-January or early February, following the holiday season and the associated downtime.
Analysis
News Plastech
Monomer price forecast changed
Given market players' expectations of a rise in material costs in September and the end of production downtime for most converters, demand is likely to increase next week.
Südpack named Innovations Champion by Wirtschafts-Woche
Each year, WirtschaftsWoche magazine has a total of 4,000 German medium-d companies independently analyzed for its annual innovation ranking. This year’s result is now in: For the third time in a row, Südpack ranks under the top 10.
Market players expect PE and PP demand to increase
Market players expect an increase in demand after the long weekend in Poland. Many producers will return from the summer shutdown next week. Processors will want to replenish their stocks of raw material ahead of a projected price increase in September.
Contract monomer prices are forecast to rise further in September
The tense political situation in various parts of the world may affect the plastics market in Poland. A Hungarian PE producer, for example, will face the issue of oil supply diversion.
Will the market accept an increase in ethylene and propylene prices?
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.
European PE producers plan to raise prices next month
European PE producers plan to increase prices next month in line with rising ethylene rates. According to Chem-Courier forecasts, the value of ethylene is expected to advance by €20-25/t in August.
KraussMaffei publishes its first sustainability report
On 93 pages, KraussMaffei publishes measures and targets with which the company assumes responsibility in the areas of economy, environment and society.
European producers plan to increase LLDPE and LDPE prices
European producers of LLDPE and LDPE plan to increase prices next month in line with the rise in ethylene costs.
Shortage of materials on the market results in an increase in their prices
As forecasted by Chem-Courier, due to shortages of certain materials in the market, their prices have increased. However, if there are further increases, it will be by another 10-20 euros.
Demand for polyethylene and polypropylene below average
Market participants anticipate another price increase in the second half of the month. Such assumptions are based on the progressive reduction in the availability of polyethylene, both European and imported.
trinamiX expands handheld solution to identify films for improved recycling
trinamiX GmbH, a leading provider of mobile spectroscopy and a wholly-owned subsidiary of BASF, announces their presentation of Mobile NIR Spectroscopy Solutions at the upcoming PRSE 2024.
