European PP, PET, PVC prices hit multi-year highs
Sellers are seeking strong increases for March after PP and PVC prices posted relatively smaller increases in the past two months. Data obtained from ChemOrbis Price Wizard reveals that average PP and PVC prices are currently standing at their highest since the latter part of August in 2015.
The maintenance season for many crackers as well as PP and PVC units tightened availability in the region, which is deemed as a main factor for the recent upsurge. Plus, uncompetitive import prices played a key role in justifying large hike attempts among sellers.
Meanwhile, European PET prices have been steadily increasing for four months on higher feedstock costs and limited import material to reach near 2 year-high in Italy and over 2 and a half year in Northwest Europe.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East