The most popular European polymer supply shortage

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In February this year, the price of European standard thermoplastic once again reflected the trend of various raw material prices

1 in January, the prices of crude oil and naphtha declined slightly, while the contract price of ethylene remained at a relatively high level. This led some producers to increase the operating rate of cracking units, which led to an increase in ethylene production. The downward pressure on raw material prices eventually led to a drop of € 40/ton in ethylene contract price in February

in contrast, propylene supply is still tight, and the contract price in February was basically flat. On the other hand, the mold closing pressure surface should be adjusted well. Styrene monomer rose by 17 euros/ton due to the support of benzene price. Px, as the main raw material of P to ensure the safety of ET in the experimental process, fell by 92 euros/ton due to weak terminal demand

price trend of European standard thermoplastic from February 2013 to February 2014 (EUR/kg)

as expected, under such raw material price trend, polymer manufacturers have announced price increase targets in order to improve their profits. However, by the middle of February, the price increase targets of producers had hardly been implemented

pe producers hope that the price will be flat, but in the end, the decline of PE is almost the same as that of ethylene. PS producers hoped that the price increase would be twice that of the single unit, but in the end, it only increased by euro/ton. The price of PP was basically the same as that in January, while the price of PVC remained unchanged. On the basis of accelerating the decline of basic manufacturing industries such as steel, nonferrous metals, petrochemicals, light industry, building materials and textiles towards the middle and high end of the industry, the profit increased slightly

the situation of weak demand in January showed signs of improvement in February. This is not so unexpected, because buyers need to replenish their inventory before the traditional spring demand season. Some buyers seized the opportunity to purchase when PE prices dropped. Other buyers believe that the price may fall further in March and are not in a hurry to make additional purchases

Europe has a relatively mild winter climate this year. Thanks to this, the construction industry has a very strong demand for PVC pipes and profiles. While the demand for food packaging is still strong, the demand for beverage bottle caps, corks and blow molded containers is also better than expected

in recent months, the supply in the European polymer market has been tight, but there were signs of relief in February. The operating rate of cracking unit has increased for the first time in several months, so the raw material supply has improved. At the same time, there are also signs that with the improvement of raw material supply and demand prospects, the operating rate of polymerization unit may also increase

in addition, there were fewer devices that stopped unexpectedly last month, which means that the impact on supply is small. Imports are at a normal level and have little impact on supply

at present, the following matters have or will have a certain impact on the market supply:

total's mixed xylene unit in Antwerp, the Netherlands was shut down due to a fire in the aromatic hydrocarbon extraction unit. At present, the unit has been relieved of force majeure

the force majeure of PP and HDPE devices of total in gonfreville, France, was relieved on January 20

after announcing its plan to invest in renewable energy in the Italian port of margella, versalis now claims that it has reached an agreement with its labor union to invest 200million euros to transform and upgrade the production base, and the olefin and aromatics units need to be shut down for 6 months. The production capacity of the cracking unit and downstream unit of the production base will be increased again on August 14, 2014

with the polymer market in a good balance, the polymer price will continue to follow the development track of raw material cost this month. Seasonal demand increases are about to begin

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