In October, European standard thermoplastics prices presented a mixed picture, both between the various product types and within the same product class.
L/LDPE producers initially targeted price increases of up to €150/tonne, despite a €45/tonne reduction in ethylene costs. Weak demand and competitively-priced imports however meant that LDPE prices fell slightly while LLDPE prices, which did not face such strong competition from cheaper imported material, increased by €20-30/tonne.
Polypropylene prices traded downward across the board even though propylene costs had fallen by €50/tonne.
Polystyrene prices continued to fall in October even though the styrene monomer reference price increased by €9/tonne. PVC prices fell as a result of low demand and a growing inflow of cheaper imports.
Bottle-grade PET contract prices also fell sharply in October as a result of aggressive import prices, lower costs and weak demand.