Producers announce polyolefin price increases again
Customers often wait until the second week of the month to make purchasing decisions. They want to have a complete picture of the market
Customers often wait until the second week of the month to make purchasing decisions. They want to have a complete picture of the market
Borealis and TotalEnergies celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Pasadena, Texas.
According to Chem-Courier’s data, PE prices gained €30 - 60/t week on week depending on the grade, or €70 - 125/t month on month, in Europe last week. However, this had no effect on demand.
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PE and PP supply has tightened in the Polish market this week. It was nearly impossible to get the material from polyolefin producers for two weeks prior to this one, and now it is getting increasingly more difficult to buy it from traders as well.
We talk with Maciej Budner, head of the Oxoplast Business Unit, about the impact of the economic situation on the current state of the market and the idea of business growth in the spirit of Zielone Azoty (Green Azoty).
A reported shortage of polyolefins in Poland has caused panic among converters.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
The situation has begun changing in the Polish polyolefin market. PE and PP producers are reducing their capacity utilisation or storing their products while refusing to sell large quantities of the commodity to traders and converters.
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