Polycarbonate (PC) buyers face severe hikes in Europe after producers communicated their intentions to secure much higher prices. They blamed ongoing good demand, logistic issues, and higher electricity costs.
As most polymers, PC prices have been on an upward trend for months. From the spring to September, lingering production issues and good demand pushed prices to €2,600-3,000/mt DDP for many participants.
However, in recent weeks, the spike in electricity costs added more pressure on an already strained market, influencing another round of hikes. Even the lowest priced markets, such as extrusion, are now facing the possibility that prices will reach above €3,000/mt.
The recent communication from Sabic was a €650/mt increase from 15 November. In addition to logistic issues, tight market and high raw material costs, the company blames the high cost of energy.
And recently Covestro communicated an increase of €450/mt, mentioning logistics issues and high raw material costs. However, the increases will be effective from 1 December.