PC buyers negotiate decreases in November versus October as lower gas prices give producers some flexibility to lower their offers.
GC Intelligence price assessments show decreases on all grades.
The extrusion market saw the biggest corrections due to intense competition.
Sheet extruders are unable to compete with current domestic prices and lately have taken more risk to source volumes from Asia.
Meanwhile, suppliers in Asia face a weakened Chinese market and a spike in capacities in the country. As such many are making attractive offers especially to big volume accounts, namely extrusion players in Europe.
At such low price levels, European polycarbonate (PC) producers stand to make losses. Therefore, the persistent high energy prices raise the risk of polycarbonate plant closures in Europe.