Davis-Standard, a global leader in the design and manufacturing of extrusion and converting technology, is pleased to announce the appointment of Ching Gettman as President of the Davis-Standard Global Services team
As previously reported by Chem-Courier, demand for food film and plastic bottles may increase in the near future due to European events such as the Olympics and the Football Championship, which will take place this summer.
Market players expect only a modest increase in demand.
PE, PP demand continues to remain low in Poland. Market players note that off-grade material has been more popular this month.
Guangzhou successfully concluded on 6 March 2024. Running concurrently, these exhibitions brought together industry players from around the world and presented comprehensive overview of the latest manufacturing technologies and industry advancements.
Sluggish demand continues to negatively affect market conditions. Low demand in Europe is likely to prompt further price declines next month.
Lacklustre demand has caused another decrease in PP prices. Purchases that traders and manufacturers were hoping for did not materialise to the extent they expected, according to Chem-Courier’s information.
Average EU PET beverage bottles’ recycled content rate reached 24%, yet more work is needed to achieve the 2025 EU targets.
Despite the lack of some materials in the market, there is no panic or increased purchasing activity from converters who buy raw materials only as needed.
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.
