Low demand for polypropylene hindered price large increases despite producers’ efforts to improve margins. Throughout February, traders hoped for a market revival at the beginning of March, when the construction and agricultural sectors are traditionally more active.
Market participants assessed that the polyethylene demand will slow down by the end of the month. The announced order stoppages for this material as well as production overhauls further limited the number of transactions.
Prices in the polyolefin market in Poland in 2024 changed due to various factors, such as: the level of demand from converters, the availability and quantity of imported material, the price of oil, the impact of the overall European economy, as well as the geopolitical situation worldwide.
Dassault Systèmes today reports its IFRS unaudited estimated financial results for the fourth quarter 2024 and full year ended December 31, 2024.
After increased activity in mid-January, the PP market calmed down and by the end of the month prices remained stable. In H2 January, converters started to inquire materials for February delivery.
The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion).
During the first working week of the new year, following a long holiday break, the market remained relatively slow. By midweek, there was still a lack of clarity regarding pricing policies from producers.
The 2024 full-year forecast developed by the MECS Study Centre of the trade association Amaplast indicates a drop of approximately nine percentage points in Italian production of plastics and rubber processing machinery to an estimated value of 4.35 billion euros.
Most players expect the market to recover only in mid-January or early February, following the holiday season and the associated downtime.
Given market players' expectations of a rise in material costs in September and the end of production downtime for most converters, demand is likely to increase next week.
Each year, WirtschaftsWoche magazine has a total of 4,000 German medium-d companies independently analyzed for its annual innovation ranking. This year’s result is now in: For the third time in a row, Südpack ranks under the top 10.
Market players expect an increase in demand after the long weekend in Poland. Many producers will return from the summer shutdown next week. Processors will want to replenish their stocks of raw material ahead of a projected price increase in September.
