Standard Thermoplastics Trends September 2019:
Ethylene (C2) Feedstock – in September prices reduced by Eur 38/mt on the back of falling naphtha costs Pricing is expected to increase in the coming period with lower supply and normal levels of demand, a rising naphtha reference price and upwards movements in the price of oil.
Propylene (C3) – In September prices reduced by Eur 58/mt reflecting the lower naphtha costs. A small increase is expected in the coming period on the back of upward movements in naphtha pricing seen in recent weeks and higher oil pricing.
LDPE, LLDPE, HDPE – prices reduced in the period and the reductions in ethylene monomer reference prices were passed through to end markets. Supply and demand are balanced and at normal levels.
PP pricing reduced by Eur 44/mt in the period attributed to lower propylene feedstock prices. Demand and supply are balanced but at lower than normal levels.
PVC pricing reduced by Eur 22/mt in the period. Demand and supply are at normal levels.
Styrenic prices increased by Eur 43/mt in the period driven by increasing price levels of styrene monomer. The price movement was surprising, particularly as supply is normal, and demand continues at low levels. Price stability is anticipated in the coming period.
PC prices were largely stable in the period Demand is at normal levels; however, demand remains weak. The slowdown in the automotive sector continues.
PA6 pricing was stable in the period. Supply is at normal levels; however, demand remains low (particularly automotive sector). Forward pricing is expected to reduce with no visible signs of demand recovering to more normal levels.
PA66 pricing decreased by Eur 66/mt in the period giving some welcome relief to buyers. The demand situation remains very low, with no signs of recovery in the automotive sector on the horizon. Supply remains at high levels with significant stocks in the supply chain. Price reductions are predicted to continue in the coming period.
PBT pricing was largely stable in September. Supply is at normal levels; however, demand continues at low levels.
POM pricing was largely stable in September. Supply is at normal levels; however, demand continues to be lower than normal. Prices are expected to continue to fall in the coming period.
PMMA pricing was stable in the period. Supply is at normal levels with demand continuing to be low.