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European thermoplastic raw material prices grow strongly and reach new highs

European thermoplastic raw material prices grow strongly and reach new highs

  • Categories:Industry News
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  • Time of issue:2015-07-24 15:37
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(Summary description)European thermoplastic raw material prices have shown a strong upward trend for four consecutive months as of June. It is reported that as raw material supply returns to normal at the end of June, thermoplastic raw material prices will gradually stabilize. In recent months, the price of polyethylene has risen faster than the cost of raw material costs. Compared with the ethylene price of 1.70 / ton in February, the PE price in June has risen to three figures. However, due to the shortage of materials in June, the price of the material showed a downward trend. As for the polypropylene industry, we can see the same trend as the PE industry, but at the end of June due to the price of propylene

European thermoplastic raw material prices grow strongly and reach new highs

(Summary description)European thermoplastic raw material prices have shown a strong upward trend for four consecutive months as of June. It is reported that as raw material supply returns to normal at the end of June, thermoplastic raw material prices will gradually stabilize. In recent months, the price of polyethylene has risen faster than the cost of raw material costs. Compared with the ethylene price of 1.70 / ton in February, the PE price in June has risen to three figures. However, due to the shortage of materials in June, the price of the material showed a downward trend. As for the polypropylene industry, we can see the same trend as the PE industry, but at the end of June due to the price of propylene

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2015-07-24 15:37
  • Views:
Information

European thermoplastic raw material prices have shown a strong upward trend for four consecutive months as of June. It is reported that as raw material supply returns to normal at the end of June, thermoplastic raw material prices will gradually stabilize.

  In recent months, the price of polyethylene has risen faster than the cost of raw material costs. Compared with the ethylene price of 1.70 / ton in February, the PE price in June has risen to three figures. However, due to the shortage of materials in June, the price of the material showed a downward trend.

  As for the polypropylene industry, we can see the same trend as the PE industry, but at the end of June there was a small increase in the price of propylene to 1.70 / ton. As for PVC, the price of the material still shows an upward trend.

  The producers of polystyrene, due to the weak demand for the material in the market and the good supply of the material, failed to break through the price of 1.70 / ton at a moderate price. At the same time, despite the rising cost of PET, the poor PET orders and the influx of materials from other countries have increased market competitiveness, leading to a decline in PET prices.

  Although the availability of materials in June is not high, there is a tendency to improve every month. However, the unexpected events have had a serious impact on the industry, especially the plants that produce polyolefins and polyvinyl chloride. However, despite the force majeure statement lifted by the European polyolefin plant, the situation of oversupply has not returned to normal. The value of the euro is slowly increasing and the extremely high raw material prices in Europe are attracting more companies to export their materials to Europe.

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