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COVESTRO ANNOUNCES PRICE INCREASES FROM JUNE
Polycarbonate roof

Covestro announces price increases from June on all polycarbonate (PC) products.

The company is apparently seeking €300-400/mt increases, sarting from 1 June, “or as existing contract terms allow.”

The proposed increasees are for custormers in the Europe, Middle East, and Africa region.

The European PC market has suffered lately, as all other polymers, from a surge in energy costs.

And while demand was decreasing, global events, particularly the lockdowns in China, were reducing supply.

PC PRICES DECREASE €60-80/MT IN MAY
polycarbonate sheets

PC prices decrease €60-80/mt in May versus April as conditions become worse for sellers, according to GC Intelligence assessments.

With prices rising until recently, demand has gradually fallen and has led to an increase in availability.

The expectations that the increase in inflation across Europe would eventually start to reduce demand appears to be playing out.

The lockdowns in China and the war in the Ukraine added more fuel to the downside.

Both geopolitical events were disrupting supply chains and causing a reduction in activity downstream.

However, the lockdown in China was at the same time also lowering supply in Europe.

One major supplier has apparently become short again, most probably because it is supporting the loss of production in Asia because of the lockdowns in China.

Nevertheless, the European polycarbonate (PC) market is gradually becoming a buyer’s market. With expectation of sesonal slowdowns, the outlook in in the short-term sees more decreases in the next few months.

POLYCARBONATE PRICES INCREASE IN APRIL
polycarbonate sheet

Polycarbonate (PC) prices increase in April versus March, according to the latest assessments by GC Intelligence.

Prices for most buyers increased between €150-300/mt depending on type of account. The additional increases have taken valuse in the mid-€3,000/mt.

While the market is no longer tight and has become more balanced, the surge in costs supported the increases.

However, the increases were not as much as producers were targeting. A possible slowdown in demand brecause of destocking amid rising prices likely helped buyers negotiate lower increases.

What is more, demand was also getting softer because supply chain disruptions accentuated by the war were reducing production rates in downstream markets.

TRINSEO INCREASES PRICES BY €350-500/MT

Trinseo increases prices by €350-500/mt, replacing and revising up the increases announced earlier in the month.

General purpose polystyrene (GPPS) and high impact polystyrene (HIPS) will increase €350/mt.

Polycarbonate (PC) will increase €500/mt.

While styrene acrylonitrile (SAN) and acrylonitrile butadiene styrene (ABS) will increase €350/mt.

The increases, effective from 8 March, reflect the recent surge in energy prices driven by the conflict in the Ukraine.

COVESTRO INCREASES PC PRICES IN MARCH
Headlight of the car

Covestro increases PC prices from 1 March 2022 by €150/mt, according to very reliable sources.

Polycarbonate (PC) prices in Europe surged to record highs during the pandemic, taking values above €3,000/mt for many buyers.

Some of the supporting factors include, strong demand, high costs, and logistic disruptions impacting value chains.

In the past few months, the increase in energy prices added another layer of complexity, pushing prices to new highs.

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