PE, PP prices start rising in Poland
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
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.
Freilassing, Siegsdorf, Rüti. WirtschaftsWoche, the renowned German business magazine, examined 4000 German medium-sized companies to determine the 50 most sustainable. The Brückner Group, with headquarters in Siegsdorf, is one of them.
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
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From 2018, the market was characterised by low prices and cheap import. We had survived the first wave of the epidemic, the demand suddenly started. However, polymer deliveries were delayed due to a lack of containers. All this generated an actual shortage.
Brand owners and packaging converters in the plastics industry are facing major bottlenecks in recycled content availability.
At the beginning of last week, both “feedstock” and energy prices reached their highest levels in 10 years. The price of oil was 139 USD/barrel, NAPHTHA was 1,121.7 USD/t and the price of natural gas was 227.201 Euro/MWh.