News Plastech
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.
The tense political situation in various parts of the world may affect the plastics market in Poland. A Hungarian PE producer, for example, will face the issue of oil supply diversion.
Judging by the first market offers, the price in August will increase by €30-60/t; however, whether the market will accept the increase will be known by the end of next week.
European PE producers plan to increase prices next month in line with rising ethylene rates. According to Chem-Courier forecasts, the value of ethylene is expected to advance by €20-25/t in August.
On 93 pages, KraussMaffei publishes measures and targets with which the company assumes responsibility in the areas of economy, environment and society.
European producers of LLDPE and LDPE plan to increase prices next month in line with the rise in ethylene costs.
As forecasted by Chem-Courier, due to shortages of certain materials in the market, their prices have increased. However, if there are further increases, it will be by another 10-20 euros.
Market participants anticipate another price increase in the second half of the month. Such assumptions are based on the progressive reduction in the availability of polyethylene, both European and imported.
trinamiX GmbH, a leading provider of mobile spectroscopy and a wholly-owned subsidiary of BASF, announces their presentation of Mobile NIR Spectroscopy Solutions at the upcoming PRSE 2024.
According to the forecasts of Chem-Courier, the contract price of ethylene has decreased by €30/t compared to last month.
We now have to live with fluctuating prices and volatility. It is important to identify the phases of the cycles well; buy at the right time and in sufficient quantities
Market players expect only a modest increase in demand.
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.
High-energy radiation can improve the mechanical, thermal, chemical and tribological properties of plastics to such an extent that they can replace metals in some applications.
Market activity remained subdued in end-March. Converters insisted on price reductions, leading traders and manufacturers to make concessions due to low demand.
Average EU PET beverage bottles’ recycled content rate reached 24%, yet more work is needed to achieve the 2025 EU targets.
The polyolefin market in Poland has slowed down in H2 of the month. The market continues to experience shortages of certain goods, including PP homo, copolymer and LDPE.
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.
Polish processors are benefiting from the relative stability of the market and are stocking up on raw materials ahead of the expected price increase in March.
Study confirms rising imports of recycled plastic threaten EU industry resulting in alarming 18% increase in EU plastic waste exports in 2023.
High prices and low supply persist in the polyolefin market. Some players stocked up at the beginning of the month, observing a steady rise in prices and material shortages, while others are holding back in the hope of a change in trend.
According to market players, converters are making cautious purchases this month. Most large manufacturers of finished products bought more material in January ahead of the anticipated price increase.
Due to low demand and the ability of some converters to wait out February without making purchases, almost all polyolefin producers have reduced the amount of raw materials available for sale.
Sustainability assessors, EcoVadis, will map and rate the environmental, social and ethical performance of Sidel’s suppliers as part of its new supply chain strategy.
In the first week of February, demand and prices for polyolefins are increasing, while stocks of materials are proving insufficient.