News Plastech
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.
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.
The situation has been unclear in the Polish polyolefin market in the first week of July. Traders have informed that converters are actively asking for quotes, but few of them are buying the commodities. Converters of polypropylene, its copolymers in particular, are the most active.
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
The Polish polyolefin market was mainly inactive in H1 June.
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.
The monthly ICIS Petrochemical Index (IPEX) is recording a collapse in commodity petrochemical and polymer prices worldwide as economic and cost pressures for the sector mount.
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.
Evonik's High Performance Polymers Business Line announces a price increase for its Vestamid, Vestosint, Vestamelt, Vestodur, and Trogamid product lines effective April 1, 2022.
Towards the end of the year, the PVC industry is still confronted with the difficult supply situation and the ongoing price increases on the market. Force majeure statements continue. Prices for electricity and gas rise incredibly. The situation hits the whole plastics industry value chain hard.
Lanxess is raising its prices for inorganic pigments globally with immediate effect, subject to existing agreements. Quotations will be increased by EUR 150 minimum per metric ton or its equivalent in local currency.
Wacker is to raise prices for its entire silicones product range. The price increases vary between 10 and 20 percent and will be effective for material shipped from April onwards, as customer contracts allow.
Specialty chemicals group Lanxess is increasing prices for its engineering plastics with immediate effect or as contracts allow. The adjustment affects Europe, the Middle East and Africa. The increase for individual products of the brands is as follows
The expected boom in industrial production has fallen short. The low point of industrial production in April was followed by a slow increase in production in May.
The economic situation of the plastics industry did not change significantly compared to the previous week. Bigger changes are expected after Easter. Many people assume that some companies may not start up after the holidays.
Specialty chemicals company Lanxess is raising its prices for its engineering plastics of the brands Durethan A and Pocan.
Trinseo and its affiliate companies in Europe announced today price increases for all polystyrene (PS), ABS and SAN grades.
Lanxess is raising its prices for Durethan A (polyamide 6.6) compounds in Europe, Middle East and Africa by EUR 0.60/kg with immediate effect.
BASF will increase its prices in EMEA region (Europe, Middle East and Africa) for polymer dispersions by up to 80 euros per metric ton and acrylic hotmelts as well as redispersible powders by up to 140 euros per metric ton.
Clariant to increase prices for masterbatch and compound products containing titanium dioxide, polymers, carbon black, pigments, dyes and additives.
Royal DSM, a global science-based company active in health, nutrition and materials, today announces that significant and continuing cost increases of main raw materials.
BASF will increase prices for pigments, dyes and preparations by up to 15% percent worldwide.
LANXESS globally increases the prices by up to 20 percent
Global price of masterbatch and compound products containing titanium dioxide, carbon black, pigments, dyes and several additives increase effective February 1st 2018 or as soon as contracts allow.
North American PP resin prices slipped for the second straight month in May, while prices for PE resin also decreased after a flat month.
Spot resin trading continued to hum along at a healthy pace the week of April 10, reports the PlasticsExchange in its Market Update.
Researchers from the KU Leuven Centre for Surface Chemistry and Catalysis now present a way to make the PLA production process more simple and waste-free.
DSM will increase the price for its Akulon and Novamid polyamide 6 polymers and compounds in Europe by 150 euro/ton.
The Business Line Interface & Performance of Evonik is increasing the prices of its products up to 10%.
Effective October 1 Evonik will increase prices for Plexiglas and Deglas by 6 percent.
The price adjustments is caused mainly by the increase of raw material cost.
Specialty chemicals group increased prices for nitrile-butadiene rubber by 100 euro per tone.
The September prices for polystyrene, copolymer and expandable polystyrene will rise by 90-110 euro.
The price increases are in response to the rising costs of manufacturing of polystyrene and copolymers grades in Europe.