European polymer prices rise to record levels due to supply shortages

European polymer prices hit a record high last week and are expected to continue to rise this week, as market shocks have further increased the impact on the already restricted supply chain.

Supply shortage may take some time to ease

The trader said: "We have heard some people say that the situation will get better in May (it is expected that the US problem will be resolved by April), and others believe that this situation can easily continue until September, and may even last for a whole.
Year, because all regions are currently facing production problems.
"

"The latest forecast states that the freight situation will only improve in the fourth quarter, because it will take too much time for all empty containers to be distributed equally across the world again.
"

Others also pointed out that the potential complications in the supply chain come from the larger than normal European installation overhaul season that will begin in the second quarter.
Due to the epidemic, the schedule of some facilities has been delayed from last year.
With more and more petrochemical plants shutting down for maintenance, the possibility of delays in start times may exacerbate supply tensions.

Transfer from: China Plastics Online

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