06/11/2018

PIE - Polymer Price Reports

Engineering Thermoplastics May 2018

Only minor price swings as spring settles in / Buyers´ reticence limits price rises / Cost increases in the oil sector will step up the pressure in June

On the European engineering thermoplastics market, there were few significant price movements in the merry month of May. Nevertheless, even though none of the hefty surges of the previous months were seen, things were still bubbling under the surface, with PC, polyamides and POM moving more markedly than the other products. Despite the situation remaining generally calm, it seemed in most cases like a brief stop for a breather. The commodity-related ABS as a styrene derivative dipped slightly. Conversely, the PP compounds rose equally moderately.

Even though prices tended stable, the market situation in many areas is causing considerable concern. Delivery times remain long and supply is tending tight. Furthermore, the increase in the cost of oil in June is fuelling the rise in prices in the petrochemical segment, and in the aromatic sector. As a result, the pressure on the engineering thermoplastics will increase, and some products could well see some significant hikes soon. Looking at the market as a whole, prices are expected to rise. Styrene and propylene will also provide for increases for commodity-related ABS and PP.

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