[Plastic] European polymer industry chain turbulence continues

At present, the problem of rising prices of plastic raw materials in Europe has not improved, but has intensified.

European plastic prices continue to rise

Since the beginning of this year, the prices of almost all products in the European plastics industry chain have been soaring.

The price of plastic finished products has risen more obviously.

At the same time, European plastic manufacturers are also facing a drastic reduction in imports from Asia, the Middle East and the United States.

Plastic processors are hurt

The price increase directly affects the plastic processors at the most downstream of the plastics industry, which in turn affects the end market.

The European Plastics Information Corporation (PIE) said that the reduction in supply and the increase in demand are pushing up the price of plastic pellets at an unprecedented rate.

Material supply bottlenecks also endanger the production of plastic final products.

Market sentiment is also not optimistic.

The end market is also implicated

PIE pointed out that at the seminar, nearly half of the terminal manufacturers indicated that they are facing a shutdown due to material shortages.

ICIS pointed out that the current price increase of the entire plastics industry chain in Europe has had a significant impact on European plastic product manufacturers.

Due to the wide range of terminal applications in the plastics industry, the impact is quite large.

(Keyword: European polymer)