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European thermoplastic raw material prices grow strongly and reach new highs
As of June, the prices of thermoplastic raw materials in Europe have shown a strong upward trend for four consecutive months. It is reported that as the supply of raw materials returns to normal at the end of June, the prices of thermoplastic raw materials will gradually stabilize.
In recent months, the price of polyethylene has risen faster than the cost of raw materials. Compared with the ethylene price of 170/ton in February, the PE price in June has risen to triple digits. However, due to the low supply 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, as the price of propylene rose to 170/ton, there was a small increase. As for PVC, the price of this material is still showing an upward trend.
Producers of polystyrene, due to the weak market demand for the material and the good supply of the material, failed to exceed 170/ton at a moderate price. At the same time, despite rising PET costs, PET prices fell due to poor PET orders and an influx of materials from other countries that increased market competitiveness.
Although the availability of materials in June is not high, there is a trend of improvement every month. But unforeseen events have had a serious impact on the industry, especially in factories that produce polyolefins and polyvinyl chloride. However, despite the lifting of the force majeure declaration for European polyolefin plants, the situation of insufficient supply has not returned to normal. The gradual rise in the value of the euro and the very high raw material prices in Europe are attracting more companies to export their materials to Europe.