PIE Polymer Price Reports – September 2021

PIE Polymer Price Reports- September 2021

Monthly report published by Plastics Information Europe:

  • Resins roll over
  • Steep rises for reinforcement
  • Slight firming likely in October
  • Glass-fibre bottlenecks dog production

The steep drop in the September contract for principal feedstock styrene did not make its influence felt immediately. Prices for medium reactive ortho resins rolled over, due mainly to the strong demand for propylene glycol that drove its price upward. Large buyers reported that some peaks were shaved off, although there wasn’t yet enough visibility to know whether this was part of a general trend.

Most styrenics plants were operating again at full run in September but propylene glycol feedstock was hard to come by. For this reason, the decline in the September styrene monomer contract is unlikely to influence resins prices. The key chemical is tight, there are few imports in the market, and producers of anti-freeze and cosmetics are competing for supply.

In particular, the high costs associated with energy-intensive production and logistics drove prices for all glass-fibre types further up. In contrast to the usual situation, even standard grades were no exception. Glass-fibre products of all types were the narrowest bottleneck for the thermoset sector. After already facing hikes starting in mid-September, some converters and distributors might have to face additional increases of up to 15% more.

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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