The expected increase in demand in mid-June did not materialise, at least not to the extent predicted by producers and traders. Converters traditionally have been referring from purchasing materials for stock. However, the gradual increase in crude oil prices may suggest an increase in ethylene prices in July, which will prompt producers of finished products to purchase potentially cheaper polyethylene earlier. On the other hand, recent reports of a possible war between Iran and Israel could drastically change all scenarios, or at least complicate imports of raw materials from Asia.
The decline in prices on the polyethylene market observed in June may come to a halt, and prices may rise in July. Some traders are already considering suspending sales of their materials, which could create an artificial shortage.
- Demand for HDPE has not met the expectations of producers and traders, and a more active week in mid-June did not bring the expected results,
- One producer was unable to resume HDPE production in France after maintenance work; resumption of operations is planned for mid-June,
- Some traders have declared that they will suspend HDPE sales if customers continue to demand lower prices,
- Demand for LDPE increased slightly compared to the end of May,
- Demand for linear polyethylene was not high, despite enquiries from customers in mid-June,
- Some market players are noticing a shortage of C4 and C6 materials, both as original and off-grade materials,
- More spot offers and prices are in the report Chem-Courier. Tygodnik Poliolefin.
