Despite the rollover with the ethylene feedstock, initial offers in August from European producers were for increases around the €100 ($107) per tonne mark. Converters refused to go along with this.
Later in the month, however, producers increasingly insisted on price hikes, even if it meant that they nipped a lot of the ordering in the bud. In eastern Europe, prices fell – in...
It looks as if the price upswing for PP has bottomed out. With the propylene rollover, European prices for the polymer in August for the most part were flat at the July level.
In the first part of the month, converters were able to parry producers’ attempts to raise prices and in view of the soft demand could even negotiate minor rebates.
However, in...
In August, the impression that the European PET market was bottoming out gained further credence. Demand still remained subdued for the traditional height of...
