European Engineering Polymer & Recycle Grades
|Month: March 2015|
|R-PET Flakes Clear/Blue||790||870|
|R- HDPE Black Pipes (PCR*)||780||830|
|R- HDPE Black Corrugated Pipes (PIR**)||760||800|
|R- HDPE Black Pipes (PIR**)||940||980|
* (post consumer recycle)
** (post industrial recycle)
Prices for engineering polymers tracked a stable to firmer trend in March while demand remained steady. Supply was tight for certain products after producers closed their order books earlier in the month in anticipation of further firming for April, which caused some buyers to restock.
For PC, prices posted notable increases of €150-200/ton, pioneered by a West European producer’s massive hike of €350/ton which was later revised downward in March. These strong gains were attributed to particularly tight supply for this product. For April, further firming is anticipated for PC considering that April benzene contracts settled up €133/ton from March at €673/ton in Europe.
PA 6 prices followed a stable to firmer trend in March. Sellers, whose prices formed the low end of the range in February, asked for increases of €50/ton, whereas high-end prices were left unchanged. Availability was short in March and further increases are projected for the upcoming month given supply constraints.
Regarding styrenics, March SAN prices posted increases up to €150/ton from February due to firmer styrene costs. In addition, players reported facing supply constraints, especially for West European cargoes, following a force majeure declaration from a regional producer. The producer’s plant reportedly resumed operations in end March and they are expected to have regular availability as of mid-April. Meanwhile, SAN supply was sufficient, but not ample given the turnaround season across styrene plants. March EPS prices recorded increases up to €190-200/ton depending on the origin. Demand was good for EPS, especially from the construction while availability was rather short due to supply constraints for styrene. After the April styrene contracts settled with a massive hike of €300/ton from March at €1370/ton FOB NWE, a West European producer lifted their April prices by €230/ton for SAN and by €320/ton for PS.
For recycled grades, prices recorded increases between €20-40/ton over February and demand was reportedly stable.
Price ranges reported include an average freight cost to the customers’ location as well as duties if applicable, although VAT is not included.
This update for the new ChemOrbis monthly report “European Engineering Polymer & Recycle Grades” is available on Plastics News for promotion this month and will later be moved to a separate section, subject to an additional charge.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Shortage pushes Europe’s ABS markets to multi-year highs
- Longest-ever rally staggers in Turkey’s PVC market
- Upstream keeps China PET afloat; prices hit 11-month high
- Import PVC uptrend loses momentum in Asia; is the 9-month rally coming to an end?
- Tightness brings further price hikes in African PP, PE markets
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
- January trend takes shape in Egypt’s PP, PE markets