
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
New compounds for drinking water and hot water applications as well as trendsetting TPE solutions that contain high proportions of bio-based and recycled materials
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.
The plastics industry faces significant challenges in the coming years between 2025-2030. According to the commitments of the European Plastics Pactan average of 25-30% recycled plastic must be used in plastic finished products and packaging materials.
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.
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.
The situation has been unclear in the Polish polyolefin market in the first week of July. Traders have informed that converters are actively asking for quotes, but few of them are buying the commodities. Converters of polypropylene, its copolymers in particular, are the most active.
Innovative plant designed by Stadler for Eco.Ge.Ri recovers value from waste to deliver high-quality recyclables and Solid Recovered Fuel
Ampacet Gastop-Flex has been named a Plastics Recycling Awards Europe 2023 finalist in the category of Product Technology Innovation of the Year.