Sustainable Plastics - August/September 2021 - 33

polymer prices
European petrochemical feedstock contract prices; April 2021 - July 2021 (€/tonne)
April 21 May 21 June 21 July 21
Ethylene
Propylene
Styrene
Benzene
Paraxylene
L/LDPE
After six months of surging prices the L/
LDPE market appeared to have reached a
peak in May with prices starting to decline
in June. LDPE prices fell €25/tonne with LLDPE
down €40/tonne despite an increase
of €30/tonne in ethylene costs.
While the supply position remained low,
there was an increase in material availability
from local producers as maintenance
programmes ended and significant quantities
of LLDPE imported material arrived after
an absence of several months. Demand
was lively as converters sought to meet
their order backlog
The downward trend in L/LDPE prices
gathered pace last month with prices sliding
sharply even though ethylene costs increased
by €40/tonne. LDPE prices declined
€90/tonne with LLDPE down €85/tonne.
The tight supply position is improving as
a result of growing quantities of imports
from the US and Asia.
HDPE
In June, HDPE prices fell for the first time
in six months despite a rise of €30/tonne in
the ethylene contract price. Blow moulding
product prices fell €20/tonne, blown film
prices were down €40/tonne with injection
moulding declining €50/tonne.
Material availability started to return to
more normal levels in June with several European
plants restarting after production
outages. The arrival of the first significant
volumes of imported material also improved
supply.
HDPE prices continued to decline last
month despite a rise of €40/tonne in the
ethylene contract price. Prices dropped between
€80-100/tonne with blown film and
blow moulding recording the sharpest declines.
HDPE pipe grade prices were stable.
Supply from local producers remained
quite tight, while the arrival of imports from
the US and Asia improved availability. Demand
for pipe grade material was particularly
strong.
1045
1015
1863
995
757.5
1050
1025
1950
1364
770
PP
With prices already at such high levels, PP
producers struggled to pass through the €40/
tonne rise in the propylene contract price in
June. Homopolymer injection moulding prices
were largely rolled over from May levels while
blown film and copolymer injection prices increased
by around half the propylene cost rise.
While supply remained on the low side,
the restart of several European production
facilities and the arrival of imports improved
availability. Converters bought just sufficient
to cover their current needs with prices at
such high levels.
In July, PP price trends varied considerably
after propylene settled €50/tonne higher.
Homopolymer prices fell €70-100/tonne due
to an improved supply situation. Copolymer
prices fell only €15-20/tonne as material remained
very tight.
PP demand was significantly stronger
last month despite the COVID-19 restrictions
and the production limitations in the
automotive industry.
PVC
The sharp upward trend in PVC prices
showed no sign of abating in June with
further significant hikes for the thirteenth
month in a row. Base PVC resin prices increased
€80/tonne on average with PVC
compound prices rising €50-55/tonne.
Supply remains tight even though a number
of PVC facilities returned to production
following maintenance shutdowns and
force majeures, but imports were largely
absent. Demand was very lively from the
construction and other market sectors.
PVC buyers found no price relief last
month as supply shortages persisted and
demand remained high. Base PVC prices
increased well in excess of the proportionate
rise of €20/tonne from higher ethylene
costs. Rigid PVC compound prices were
driven even higher by rising additive costs.
The much hoped for improvement in
supply failed to materialise last month with
more plants calling force majeure.
1080
1065
1549
884
770
1120
1115
1341
816
825
40
50
-208
-68
55
PS
The record-breaking rise in PS prices finally
came to an end in June with costs and
prices crashing. General-purpose polystyrene
(GPPS) prices and high-impact polystyrene
(HIPS) prices plummeted by €350/
tonne following a drop of €401/tonne in the
styrene monomer contract price and a reduction
of €480/tonne in benzene costs.
Material availability remained low, especially
for high-impact material. Construction
sector demand was particularly strong
while some converters began rebuilding
stocks as prices fell.
PS prices continued to tumble in July following
a €208/tonne reduction in the styrene
monomer reference price. GPPS prices
slumped €210/tonne with HIPS down by
slightly less due to a sharp rise in butadiene
costs.
GPPS supply is virtually back to normal
while HIPS supply remains tight. PS demand
continued to be strong in July with
the building sector leading the way.
PET
In June, European PET prices fell for the
second month in a row largely as a result of
an improving supply situation. Bottle-grade
PET prices fell around €40/tonne despite
the cost position remaining stable from the
previous month.
PET production returned to more normal
levels in June with improving availability
of the PTA feedstock although imports remain
short as a result of the extremely high
freight rates. Demand remained disappointingly
low, despite the hot weather.
PET prices continued their slide in July
despite firming feedstock costs, the paraxylene
contract price settled €55/tonne
higher last month, driven by rising oil prices.
Demand was once again rather disappointing,
mainly down to the worsening
weather across Europe and the emergence
of the fourth wave of the pandemic. The
local supply situation was back to normal
while imports remained largely absent.
August/September 2021
33
Change, June/July
€/tonne

Sustainable Plastics - August/September 2021

Table of Contents for the Digital Edition of Sustainable Plastics - August/September 2021

Contents
Sustainable Plastics - August/September 2021 - Cover1
Sustainable Plastics - August/September 2021 - Cover2
Sustainable Plastics - August/September 2021 - Contents
Sustainable Plastics - August/September 2021 - 4
Sustainable Plastics - August/September 2021 - 5
Sustainable Plastics - August/September 2021 - 6
Sustainable Plastics - August/September 2021 - 7
Sustainable Plastics - August/September 2021 - 8
Sustainable Plastics - August/September 2021 - 9
Sustainable Plastics - August/September 2021 - 10
Sustainable Plastics - August/September 2021 - 11
Sustainable Plastics - August/September 2021 - 12
Sustainable Plastics - August/September 2021 - 13
Sustainable Plastics - August/September 2021 - 14
Sustainable Plastics - August/September 2021 - 15
Sustainable Plastics - August/September 2021 - 16
Sustainable Plastics - August/September 2021 - 17
Sustainable Plastics - August/September 2021 - 18
Sustainable Plastics - August/September 2021 - 19
Sustainable Plastics - August/September 2021 - 20
Sustainable Plastics - August/September 2021 - 21
Sustainable Plastics - August/September 2021 - 22
Sustainable Plastics - August/September 2021 - 23
Sustainable Plastics - August/September 2021 - 24
Sustainable Plastics - August/September 2021 - 25
Sustainable Plastics - August/September 2021 - 26
Sustainable Plastics - August/September 2021 - 27
Sustainable Plastics - August/September 2021 - 28
Sustainable Plastics - August/September 2021 - 29
Sustainable Plastics - August/September 2021 - 30
Sustainable Plastics - August/September 2021 - 31
Sustainable Plastics - August/September 2021 - 32
Sustainable Plastics - August/September 2021 - 33
Sustainable Plastics - August/September 2021 - 34
Sustainable Plastics - August/September 2021 - Cover3
Sustainable Plastics - August/September 2021 - Cover4
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