Polish buyers may reject price increases
According to Chem-Courier’s data, the Polish polyolefin market was awaiting the announcement of new prices last week.
According to Chem-Courier’s data, the Polish polyolefin market was awaiting the announcement of new prices last week.
A reported shortage of polyolefins in Poland has caused panic among converters.
Demand for polyolefins has strengthened in Poland since last month.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
Semperit has successfully completed the acquisition of RICO Group, one of the world’s leading full-range suppliers of customised elastomer and plastics applications.
Demand has reportedly been steady in the last week of July. "We still see weak demand for polyolefins in Poland; still, some companies decided to build small stocks due to a predicted price increase" - a trader has commented.
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.
Demand for injection PE has strengthened this week, according to Polish traders. ‘We get the most enquiries for injection HDPE and LDPE and the fewest requests for PP homopolymers from converters,’ one of the market players has reported. Converters that make products from PP complain about limited polymer availability.
In H2 June, converters have been slow to make new purchases regardless of special offers, discounts and traders minimal margins in anticipation of another price reduction next month
The Polish PE and PP markets are steady.
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