SABIC Europe to increase September polyethylene prices in Europe
"European and Asian PE markets have tightened considerably over the summer period," says Huub Meessen, Business Unit Director LDPE/LLDPE. "In Europe, demand is strong and supply is very tight. We estimate industry stocks to be low and expect them to stay low. The high level of feedstock costs will remain."
"In the current climate, polymer price increases are unavoidable," says Dieter Hollmann, Business Unit Director HDPE. "Looking at oil price developments and tightness in ethylene, the value chain needs to prepare for a prolonged period of structurally higher polymer prices."
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