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Polyethylene (PE) makers are looking ahead to September as more raw materials are expected to arrive from the United States, but demand remains uncerta.
A series of planned and unplanned cracker shutdowns did not have much impact on the European ethylene or polyethylene marke.
For the most part, spot prices for low-end polyethylene remain below current ethylene contract prices, and US feedstock offers have been weighing on the market, especially for high-density polyethylene (HDP.
In Europe, competition among.
Low demand is also a feature of the mark.
"There has been a huge drop in market volumes," said one large polyethylene buy.
The polyethylene settlement at the end of August is underway, and although the August ethylene contract saw a similar increase, some buyers reported a €10/t decline in prices, slightly lower than the expected outlook provided earlier this mon.
Some buyers expected to face price hikes in September as cracker shutdowns could tighten upstream supplies, but with naphtha prices falling by almost €50/t, below levels seen when ethylene contracts settled in August, September contracts A decline in polyethylene is unlikely to lead to a rise in polyethyle.
