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
Haitian International is expanding its production and logistics network in Europe and investing in the construction of a modern plant with a total area of 250,000 square meters at its site in Ruma, Serbia. The plant is scheduled to go into operation in the first quarter of 2025.
Untha shredding technology GmbH, the Austrian manufacturer of industrial shredding systems, looks back on a successful 2022: The company achieved yet another record turnover in the region of 80 million Euro, set up a new subsidiary in Turkey, noted a distinct improvement of supply conditions, came up with product innovations, made progress with regard to digitalisation and hired 50 new employees.
Each year, the JEC Composites Innovation Awards celebrate successful projects and cooperation between players of the composites industry. These composites champions are awarded based on multiple criteria such as partner involvement in the value chain, complexity, or commercial potential of the project.
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.
The market is in turmoil. The escalating Russian-Ukrainian war is distracting from the deal. An unprecedented situation, market participants do not know how to react.
