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PC PRICES INCREASED €100/MT IN JANUARY

January 22, 2021
The current drivers on both demand and supply will most likely continue in February.

PC prices increased €100/mt in January as demand surged amid tight supply, according to GC Intelligence market analysis.

Polycarbonate (PC) prices continued to find support in Europe due to a number of factors.

On the demand side, activity in almost all segments was robust, especially in automotive and construction.

At the same time, global supply was tight because of the good demand but also because of plant issues.

Many buyers were struggling to secure volumes while lead times have increased.

The situation for some grades is so severe that producers are not able to guarantee quantities for some clients, even in Q2.

The current situation is expected to continue for the rest of Q1 and it is unlikely to slow down much in Q2.

Nevertheless, downside risks are increasing. For example, the shortage of semiconductors is affecting almost all car producers in Europe.

And the extended lockdowns are rising fears of a double-dip recession.

While the PC market is unlikely to weaken any time soon, a slowdown is a plausible scenario later in the year.

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