November outlook for Polish poliolefin market uncertain
Converters, as usual, have been sluggish in the market in late October. All of its players have been waiting for new price announcements.
News Plastech
Converters, as usual, have been sluggish in the market in late October. All of its players have been waiting for new price announcements.
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According to Chem-Courier’s data, PE demand is below average in Poland. PP, especially random copolymers and high-MFI injection-moulding grades, in contrast, are sought after. However, a shortage of those PP types led to inability to fully cover the current customers’ needs.
Customers often wait until the second week of the month to make purchasing decisions. They want to have a complete picture of the market
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According to Chem-Courier’s data, PE prices gained €30 - 60/t week on week depending on the grade, or €70 - 125/t month on month, in Europe last week. However, this had no effect on demand.
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PE and PP supply has tightened in the Polish market this week. It was nearly impossible to get the material from polyolefin producers for two weeks prior to this one, and now it is getting increasingly more difficult to buy it from traders as well.
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.
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.
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.
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