PIE Polymer Price Reports – October 2022

PIE Polymer Price Reports-October 2022

Monthly report published by Plastics Information Europe:

  • Significant rebates for resins
  • Soft demand drives downtrend
  • Most GF types roll over

With upstream costs stable to soft – except for the slight firming of styrene (see PIEWeb of 03.11.2022) – resins prices fell sharply, averaging a drop of EUR 90/t. The spread was relatively wide, ranging from small rebates of EUR 40/t to more pronounced declines of EUR 200/t.

Hikes in the form of the controversial energy surcharges vehemently pursued by producers in the recent past no longer played much of a role. The latest price softening was due in the main to the steep dive in the monomer a month earlier.

Demand remained clearly below average, even if it did pick up noticeably here and there. In very rare cases, buyers ordered additional material in the assumption that prices could firm again in the coming weeks.

Some members of the PIE price-monitoring panel reported early indications that ortho resins are firming. The November styrene contract was fixed EUR 4/t higher versus October, which seems to indicate production cuts and maintenance turnarounds are indeed having an effect.

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