PIE Polymer Price Reports – August 2021

PIE Polymer Price Reports- August 2021

Monthly report published by Plastics Information Europe:

  • Resins market leaning toward rollover
  • Supply improves somewhat
  • Bottlenecks for glass fibre
  • Q4 to start with steep hikes

Price movements for medium reactive ortho resins were uneven in August. Large orders and good contacts helped in obtaining rebates. Smaller accounts, by contrast, were likely to see higher prices, despite styrene monomer prices being in free fall since June. All in all, the market saw a weak rollover.

In the shadow of excessively high level of resins prices in July, the declining SM price brought some relief in August, persuading converters to open their order books again. One obstacle, however, was the shortage of glass fibre, which consequently meant smaller resins purchases. On the whole, order volume was more modest than usual for this time of the year.

With the path of hurricane Ida passing directly over the state of Louisiana with its many petrochemicals and plastics plants, this year’s tropical storm season on the US Gulf is shaping up to be somewhat more worrisome than usual. According to reports, more than a third of North America’s styrene capacity was offline as September started. Repairs to production facilities could take weeks. Even if Europe is not directly dependent on US deliveries, the shortfall could lead to a run on material and thus to higher prices.

For more than 34 years, PIE has been an invaluable source of information for European plastics industry decision makers – a quick, yet in-depth look at the development of plastics markets and polymer prices. Available online 24/7 and as a printed newsletter twice a month. To read the entire report, go to www.pieweb.com and sign up for a 48-hour free trial!

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