Home Latest News & Insights PC

PC

POLYCARBONATE SUPPLY BRIGHTENS IN EUROPE
gdp growth

Polycarbonate supply brightens in Europe as production issues and turnarounds are understood to be ending.

This recovery is further supported by steady imports from Asia, enhancing overall supply stability.

Despite a minor recovery, demand remains sluggish, echoing broader economic conditions.

Consequently, further price increases are unlikely, and market prices are expected to stabilize through rollovers in the coming weeks.


For further analysis, price assessments, and forecasts, check out our monthly market reports. ➥

EU PRODUCTION IN CONSTRUCTION DECLINES IN FEBRUARY 2024
plant building

EU production in construction declines. Eurostat‘s recent figures reveal a downturn in construction output when comparing February 2024 with the same month in the previous year.

The euro area experienced a decline of 0.4% and the European Union saw a slightly larger decrease of 0.6%.

Despite a rise in monthly production in February 2024, the year-over-year comparison underscores ongoing challenges within the construction sector.

Many polymer markets have been suffering from the weak construction sector, such as polypropylene (PP), polystyrene (PS), and polycarbonate (PC).

The low demand in some of the key market segments such as construciton continue to lead to low margins for polymer suppliers.

Attempts to increase prices during this time of the year appear to have run out of steam, particularly for the PP.

PC PRICES SEE GRADUAL INCREASES AMID MIXED DEMAND IN APRIL 2024
polycarbonate

PC price see gradual increases. In April, European polycarbonate (PC) prices experienced minor increases due to a seasonal uptick in demand and tightening supply chains.

The sheet extrusion sector particularly felt the impact of rising freight costs and transport disruptions, leading to noticeable price hikes.

With ongoing supply shortages, price forecasts have been revised upward for extrusion grades, anticipating continued trends into summer.

Although there was a modest improvement in demand within the extrusion market, other sectors like automotive and construction remained sluggish.

Operational disruptions at more than one production facility in Europe exacerbated supply issues, particularly affecting availability in the already strained extrusion sector.

EU CONSTRUCTION MIXED, POLYMER BLEAK
plant building

EU construction mixed but polymer bleak. Eurostat‘s recent findings reveal diverse trends in Europe’s construction sector for January 2024.

The euro area experienced a slight increase in construction production by 0.5% from December 2023, while the EU faced a 1.0% decrease.

This fluctuation follows December 2023’s growth, where construction production in the euro area and the EU increased by 0.5% and 1.3%, respectively.

On a yearly basis, construction output in the euro area rose by 0.8%, and the EU observed a minor 0.1% uptick compared to January 2023. These figures indicate a cautiously optimistic trend in certain European areas, amidst wider economic challenges.

From the polymer industry’s standpoint, the outlook within this construction sector is notably grimmer.

Industry participants point out that demand for specific products, such as polypropylene (PP), polymethyle methacrylate (PMMA), and polycarbonate (PC), is among the weakest segments.

This situation underlines the difficulties faced by the polymer sector, reflecting broader issues within the construction industry across Europe.

PC PRICES SEE MIXED OUTCOME IN MARCH 2024
price increase

PC prices see mixed outcome. In March 2024, European PC prices edged higher amid rising costs and supply disruptions. Despite these pressures, efforts to significantly raise prices meet tough resistance.

This is reflected in a mixed success rate and emerging signs of price rollovers. The stabilizing Suez Canal situation and low demand temper increases.

Supply issues, notably from a major producer, complicate the market. These disruptions push buyers towards alternatives, yet the competitive environment enables these shifts, softening potential impacts on prices.

Price trends are precarious. While March saw attempts at hikes, the varied success underscores the market’s struggle against global dynamics and the return of competitive Asian imports, hinting at a complex balance between supply challenges and demand realities.

The outlook suggests a plateauing of price increases. Supply concerns and a mild demand uptick offer some support, but the looming return of Asian imports and persistent market challenges hint at a competitive and uncertain future.

Demand broadly lags, with sectors like construction and automotive notably weak. A fleeting recovery sign in February fades, with the market’s overall activity stalling amid macroeconomic pressures.

Supply perspectives are shadowed by allocations and potential production shifts. Yet, alternative sources and the evolving Asian import landscape provide a buffer, maintaining a delicate supply-demand equilibrium as the market moves through 2024.

Newer Posts