PIE Polymer Price Reports- October 2021
Monthly report published by Plastics Information Europe:
- Ortho resins cost even more
- No relief up to year-end despite weaker demand
- Surging glass fibre prices the latest hurdle
Scarce imports and limited availability along the styrenics chain pushed average prices for medium reactive ortho resins even higher. The extent of the increase depended largely on the producer and the volume ordered.
The downward trend in demand for some starting materials has not yet been reflected in their prices. These remain high to very high, which means that resin buyers will see no relief in November, either. In a surprise development, the November styrene reference contract was fixed EUR 232/t higher, and this will propel the price for ortho resins still higher as the year’s end approaches. Converters are a long way from being in a position to build inventories. Order activity will likely recede further towards the end of the year.
Without exception, all glass fibre products cost more in October than in September. How to pass on these incessantly rising prices to customers is the burning question all converters currently face. The price spiral shows no sign of winding down. At the latest in January, buyers should expect further substantial hikes, in some cases even before the New Year holiday.
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- JEC Forum DACH (offical partner of EPTA)Frankfurt/M., Germany
- World Pultrusion Conference 2022 (and EPTA members meeting)Paris
- JEC World 2022 (official partner WPC)Paris