Supply shortages push resin prices upwards

All commodity resins have seen increases in the region of €100 a tonne mark over the past two months. PVC led the push, with prices up by as much as €150 in some cases. PP posted gains of more than €140 a tonne while HDPE and LDPE saw gains of between €100 and €130.

Demand for most commodity resin grades is reported to have been higher than expected during August, partly perhaps as a result of converters’ decisions to cut their inventories earlier in the year. This, together with unplanned production outages and planned summer maintenance programmes, is likely to help resin producers hold their gains.

Engineering plastics producers have also been attempting to recover some of the rise in feedstock prices over the past two months, with both PC and ABS markets seeing some upward movement.

The latest price moves in the European commodity plastics marketplace can be found here.

Analysis of polycarbonate and ABS markets can be found here.