Polyolefins to keep getting cheaper in December
Despite raw material depreciation, converters did not buy more, they continue to purchase raw materials only on an as-needed basis. Some of them are using the stocks built during previous months
Despite raw material depreciation, converters did not buy more, they continue to purchase raw materials only on an as-needed basis. Some of them are using the stocks built during previous months
Polish converters continue to buy polyolefins on an ad hoc basis, and if possible, hold off new purchases in anticipation of further price cuts. Packaging remains one of the most active consuming industries.
Although polyolefins have got cheaper this month, converters have still been holding off restocking and have been reduced purchases compared with October.
Monomer contract prices were announced early this week.
Converters, as usual, have been sluggish in the market in late October. All of its players have been waiting for new price announcements.
According to Chem-Courier’s data, PE demand is below average in Poland. PP, especially random copolymers and high-MFI injection-moulding grades, in contrast, are sought after. However, a shortage of those PP types led to inability to fully cover the current customers’ needs.
Chem-Courier forecasts polyolefins to hold their value until the end of the month.
The end of September has seen increased demand for polyolefins compared with the middle of the month in the Polish market.
Factory automation company reinforces global leadership.
Lerg S.A. has acquired a total of 76 per cent of WeButex Kunststoffbearbeitung GmbH, one of the best-known processors of thermoset laminates.
Film LDPE grades, especially those with MFI=0.3, have been unavailable on the Polish market this week.
Polyolefin converters are far from active now, according to Polish market players.