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.
Plastic prices
News Plastech
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.
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.
European producers try to hold EP prices
Based on problems with the availability of imported materials, European producers will attempt to maintain prices at the level of the previous month or slightly raise them.
In June, players expect an increase in demand for PE and PP
As previously reported by Chem-Courier, demand for food film and plastic bottles may increase in the near future due to European events such as the Olympics and the Football Championship, which will take place this summer.
Expected dynamics of commodity polymer prices in the third quarter of 2024
We now have to live with fluctuating prices and volatility. It is important to identify the phases of the cycles well; buy at the right time and in sufficient quantities
PP prices unchanged, PE prices decreased
Market players expect only a modest increase in demand.
