PIE Polymer Price Reports – July 2022

PIE Polymer Price Reports- July 2022

Monthly report published by Plastics Information Europe:

  • Resin mostly downward
  • Summer holidays depress demand
  • Styrene plunge will have ripple effect
  • Mixed picture for glass fibre

The European ortho resins market weakened, but traces of the earlier styrene price surge lingered. The monomer contract added EUR 155/t in July, with individual buyers seeing increases.

Notations for most products pointed downward on the back of the soft demand. The downward momentum was due in part to the summer holidays, but the cooling of the economy also played a role. Fears of an impending recession led buyers to exercise caution.

Following the collapse of the August styrene reference price by EUR 509 EUR/t, resins notations will most likely continue to sink.

Market movements for glass fibre showed no uniform picture. For chopped strand mats, the supply situation has meanwhile eased, and after the July rollover, declining prices seem possible.

For roving, in contrast, European producers, citing energy constraints, have announced hikes. Imports – for example, from Turkey – are still relatively cheap, though.

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