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PC PRICES TRACKED BELOW EXPECTATIONS IN FEBRUARY

February 18, 2022
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Europe PC prices tracked below expectations for the second conseutive month, according to the latest GC Intelligence analysis.

The upside momentum seen at the end of last year started to slow down in January. This trend not only continued but worsened in February.

This time of the year activity should pick up as participants start to prepare for an increase in demand during the spring.

Several factors can explain this counter-seasonal softening dynamics for the European polycarbonate (PC) market.

First, the steep price increases seen during the past year are likely being felt downstream and are slowing down demand.

Second, geopolitical tensions and continued uncertainty over costs such as logistics and energy prices increased uncertainty.

With several major markets such as extrusion and automotive remaining weak, availability has also surely increased.

Moreover, the recent slowdown in China probably increased supply also in Europe.

Overall, the picture has tilted away from upside and towards stability and decreases. But with costs remaining high, buyers will probably struggle to secure big decreases in the short term.

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