Home Latest News & Insights GAS PRICES DECREASED BELOW €35/MWh

GAS PRICES DECREASED BELOW €35/MWh

May 11, 2023

Gas prices decreased below €35/MWh, offering much-needed relief to the polymer industry. After reaching a peak of around €345/MWh last summer, prices have steadily declined.

Factors such as a mild winter and reduced demand have contributed to this downward trend.

The decrease in gas prices alleviates the pressure on profit margins for polymer companies, which heavily rely on natural gas as a feedstock.

With lower production costs, manufacturers can expect some relief in their operations.

However, the polymer industry still faces significant challenges, including low demand and fierce competition from imported products.

As such, prices continue to fall for many polymers, mainly a result of low demand.

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