PC prices in April increased on all grades by a similar magnitude as producers remained firm to pass on the recent increases in energy costs.
Producers had announced much bigger increases in March when energy costs rallied. But as energy prices retreated from the highs and the market has become more balanced, they were not able to implement the announced increases.
The higher prices are likely contributing to a slowdown in demand observed this month. Some buyers saw lower prices than the published values, even below €3,000/mt for extrusion grade.
However, sellers that have been offering competitive prices up until recently are understood to be catching up and are expected to demand big increases in May.
As energy prices have stabilised at high levels, PC prices are unlikely to change much in the next few months, unless a major unexpected event changes the picture.
The war in the Ukraine has provided yet another boost to prices which looked set to stabilize this year after the rally at the end of last year.
∗The market update is an exerpt fromt the monthly report.
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