European Engineering Polymers Update
|Month: February 2016|
PC prices followed a stable trend for another month in March, with most players reporting that PC prices were rolled over from February. According to a seller, supply is dwindling due to some maintenance shutdowns in the region, but it is said to be in balance with demand. A buyer reported seeing quite good end product demand this month. The majority of the players are projecting a stable to firmer trend for April.
PA6 and PA6,6 prices were also mostly stable in March. Benzene contracts settled down €24.50/ton from February at €527/ton. February caprolactam contracts were agreed with decreases of €15-20/ton from last month while March contracts are yet to be settled. Supply is ample for both products. A seller reported that demand is quite good and added that he is anticipating increases of €60-70/ton for April benzene contracts. A producer reported that another European PA6, PA6,6 producer initially announced some price increases for March, but then rolled over their offers from last month. A buyer reported obtaining large discounts for cash payment. The outlook is mostly stable.
SAN prices registered increases of mostly €70/ton for European origins while offers for Asian origins increased by €50/ton after March styrene contracts settled up €100/ton from last month. Supply levels are comfortable, but less ample with respect to ABS. A converter reported accepting some competitive import offers for a South Korean origin. According to players, demand is performing well. Further hikes are awaited for next month, depending on April styrene contracts.
EPS prices faced some upward pressure from the notable hike in March styrene contracts and registered increases of €80/ton from February. A buyer reported that supply levels have improved, but added that availability is not ample. Demand is said to be weak. Buyers are expecting to see a new round of increases in April, with one of them mulling over buying extra cargoes to avoid paying higher prices. A buyer reported to have experienced delays in his deliveries from his South European supplier due to a fire at one of the producer’s plants, but he doesn’t know if the supplier has solved the issue and if he’s now delivering smoothly.
PMMA prices tracked a stable trend in March after acetone MMA contracts were settled with a rollover following propylene contracts. A buyer reported seeing stable end product demand in March. A seller heard that lower prices at €1700/ton were available from Germany. The seller reported that list prices are stable, but that offers have in general decreased because of the aggressive actions of producers and distributors in order to increase their market share. No supply issues were experienced for this product, but a buyer believes that availability will be shorter in May-June period due to some maintenance shutdowns. The outlook is mostly stable.
POM and PBT prices remained unchanged from the previous month. Supply and demand dynamics are in balance and the outlook is steady.
Price ranges reported include an average freight cost to the customers’ location as well as duties if applicable, although VAT is not included.
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