
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.
European producers of LLDPE and LDPE plan to increase prices next month in line with the rise in ethylene costs.
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.
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.
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.
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.
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
Market players expect only a modest increase in demand.
PE, PP demand continues to remain low in Poland. Market players note that off-grade material has been more popular this month.
Sluggish demand continues to negatively affect market conditions. Low demand in Europe is likely to prompt further price declines next month.
Lacklustre demand has caused another decrease in PP prices. Purchases that traders and manufacturers were hoping for did not materialise to the extent they expected, according to Chem-Courier’s information.
Market activity remained subdued in end-March. Converters insisted on price reductions, leading traders and manufacturers to make concessions due to low demand.
The polyolefin market in Poland has slowed down in H2 of the month. The market continues to experience shortages of certain goods, including PP homo, copolymer and LDPE.