Higher feedstock costs and limited output battered the European standard thermoplastics market in early January, the newsletter Plastics Information Europe (PIE, Bad Homburg / Germany; www.pieweb.com), says in a trend report. As a result, PE prices gained EUR 80/t, PP rose by EUR 60/t and EVA, after months of stagnation, added EUR 30/t. The moderate PVC rise of EUR 15/t reflected the seasonal slowdown. Styrenics surged ahead, with PS up EUR 190/t and EPS by EUR 170/t.
Supplies were fairly balanced and demand averaged weak to normal. With margins narrow, producers will defend every cent of their planned increases, says PIE.