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European producers plan to increase LLDPE and LDPE prices
European producers of LLDPE and LDPE plan to increase prices next month in line with the rise in ethylene costs.
European producers of LLDPE and LDPE plan to increase prices next month in line with the rise in ethylene costs.
NPE2024: The Plastics Show, announced its final registration and paid exhibit space results data, totaling 51,396 registrants and 1,106,767 square feet respectively.
Market players had hoped for increased PE demand due to summer activities in Europe, but they did not observe significant impacts. Nonetheless, this month is described as relatively active in PE and PP sales.
Villa Arconati hosted the annual Members Assembly of Amaplast – the national trade association affiliated with Confindustria .
Latest figures show that the growth rate of total European installed plastics recycling capacity went down from 17% to 10% year on year in effect giving 12.5 million tonnes in 2022.
According to traders, clients have been ordering both large lots of several hundred tonnes and small ones of under 24 t delivered on pallets.
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
Chem-Courier forecasts polyolefins to hold their value until the end of the month.
A reported shortage of polyolefins in Poland has caused panic among converters.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
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.
The company is on track to exceed its 2025 goal to reduce operational emissions by 25%