Those manufacturers and traders that have still been open for orders, have raised polyolefins prices again at levels even €80-100/t higher than last week.
Polish market players have reported better demand for both PE and PP from converters. Among other factors, this is why we are seeing another round of polyolefin price increases in Poland.
The polyolefin market has started reviving in H1 January. Market players say that in addition to completing December deliveries, they already have new orders for PP and PE, with the former bought more frequently than the latter.
Demand has been low in the Polish polyolefin market in the last pre-holiday week, according to Chem-Courier’s data. Converters have been tapping into their raw material stocks or purchasing only small batches.
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According to traders, clients have been ordering both large lots of several hundred tonnes and small ones of under 24 t delivered on pallets.
Contract prices for monomers and, ultimately, polyolefins, have predictably moved down in Poland 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
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.