PIE Polymer Price Reports – June 2021

PIE Polymer Price Reports – June 2021

Monthly report published by Plastics Information Europe:

  • Resins still rising slightly
  • No downswing in July
  • More increases for glass-fibre products in sight

Styrene’s strong downward correction was not enough to lead ortho resins prices to finally peak. Other feedstock influences outweighed the price factor. Phthalic acid anhydride prices, for example, hit a four-year high in June. Most resins transactions were settled slightly higher than in May. Despite confirmed delivery, allocation was the order of the day.

Two months of downward corrections in the styrene contract, amid somewhat weaker demand, should lead resins prices to finally peak in August. A gradual restart of idled production facilities for starting materials could provide some relief on the price front. That said, it hardly seems likely that resins will immediately begin sinking. Solely large accounts ordering a narrower product range should see reductions.

The absence of cheap imports sent prices for glass-fibre products soaring. Higher-end products, mostly made in Europe, did not see increases as steep because the high transportation costs did not influence prices to the same extent as for standard grades.

Price increases advised for all glass-fibre products in the third quarter are almost certain to materialise. The only question is how high the hikes will be. At least 10% is being talked about, and some think it could be twice that.

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 PIEWEB and sign up for a 48-hour free trial!

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