Rising petrochemical feedstock costs combined with a number of major production plant outages and stronger than expected resin demand have conspired to send prices of commodity polymers upwards during the summer.

 

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.  The recycled resin price also goes upward and we can provide right this kind of PP PE recycling machine  to recycle dirty PP PE material films into resins

 

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.