Petrochemicals,
polymers and fertilizers
Remember MeForgot password?
Fertilizers 2025: Turkiye
TOP STORY
PE and PP price changes in Poland in 20247 Feb 2025 / ChemCourier. Polyolefins Market Weekly / statistics

image1.jpegimage2.jpeg

Prices in the polyolefin market in Poland in 2024 changed due to various factors, such as: the level of demand from converters, the availability and quantity of imported material, the price of oil, the impact of the overall European economy, as well as the geopolitical situation worldwide.

Overall, all types of PE reacted similarly to the changing market conditions. However, it is worth highlighting LDPE, as demand for it was usually higher than for other PE products.

 

image3.jpeg image4.jpeg

 

image5.jpegimage6.jpeg

 

On the PP market, PP raffia stood out. The Polish producer of this material, conducting tests and quality measurements, supplied the market with its relatively cheap product, compared to competitors, throughout the year, forcing many traders to simply stop dealing in this material. As a result, starting from April, the price of PP raffia remained unchanged almost until the end of the year, with only a small increase of €50/t in August and a similar drop in October. The prices of injection-moulding PP, block copolymer, and random copolymer, in turn, reacted relatively similarly to market changes.

 

image7.jpeg image8.jpeg

 

 

image9.jpeg image10.jpeg

The year began with the crisis in the Red Sea, which significantly impacted global supply chains. The adaptation period took several weeks for carriers, during which a window emerged when imported products, mostly from Asia and the Middle East, were delayed in arriving at European ports. The increase in logistics costs, as well as longer delivery times, affected the availability of imported goods in Q1 2024. Notably, issues with high transportation costs and extended delivery times persist to this day, one year after the start of the so-called crisis.

During this period, a shortage of many LDPE grades began, with the deficit of grades with MFI=0.3/0.75 continuing to this day. The distortion of the supply-demand balance was also influenced by planned and unplanned maintenance at European facilities.

From January to March, prices for HDPE, LDPE, and LLDPE increased by €200/t, €340/t, and €220/t, respectively, in Poland. Prices for homopolymers, block copolymers, and random copolymers of PP rose by €60/t, €130/t, and €90/t, respectively. After peaking in March, prices for all types of polymers began to decline. They reached their lowest level in June, but from July onwards, prices started to rise again.

At the end of June, many converters began to halt their own production for the summer shutdown and maintenance, resulting in a decrease in demand, which led to a drop in prices. The period from July to August was marked by issues with the availability of imported material and an increase in freight costs, which caused a slight increase in the price of all types of PE and PP produced in Europe. The problem with the availability of imported material was only resolved in the autumn.

In August, for various reasons, several producers in Europe, such as Unipetrol, ExxonMobil, Borealis, and INEOS, stopped production, and the Hungarian producer began experiencing issues with access to Russian oil, which contributed to the rise in prices of all types of PP.

At the end of August and the beginning of September, after emerging from the summer downtime, finished goods producers increased their activity in purchasing polyolefins, although most market players noted that the level of demand had yet to return to the levels of February—March 2024. In September, the delivery of imported PP was also restored, which balanced the shortage of material from the Slovak producer, who had halted production for scheduled maintenance. From this point on and until the end of the year, polymer prices began to steadily decline.

Several factors can explain the moderate or weak demand from converters during this period:

• The overall energy crisis in Europe and the general economic downturn, which had a significant impact on the industry, leading to reduced production volumes and energy cost issues;

• Stagnation in the automotive and construction industries — more and more factories in Europe began suspending or closing their operations, reducing capacities, or relocating them to Asia or South America. According to GUS, car production in Poland decreased by 27.9% in 2024;

• Converters who had stocked up in the summer held sufficient material reserves in their warehouses and were in no rush to make purchases, constantly waiting for prices to decrease. This also included a reduction in order levels from converters themselves, which failed to support an increase in demand;

• Geopolitical events around the world such as the ongoing war in Ukraine, conflicts in the Middle East, the US elections, and competition between China, the US, and the European Union led to an increase in risks and a decrease in investment in manufacturing in Europe.

As a result of the above-mentioned factors, 2024 ended with the lowest prices of the year, with only January being lower.

Read More »
European Commission approves €500 million French chemical recycling scheme5 Feb 2025 / ChemCourier. Polyolefins Market Weekly / ChemCourier. PVC Market Weekly / company news

shutterstock_1626709090The European Commission has approved, in accordance with EU state aid rules, a €500 million French programme to support the chemical recycling of certain types of plastic waste. The programme is part of the European Commission's priorities for 2024—2029, which focus on building a more circular and resilient economy.

France has notified the Commission of its plan to introduce a programme to support investments in the chemical recycling of plastics, covering waste such as trays, films, bottles (except beverage bottles), and textiles containing a certain amount of polyester. The programme aims to develop technologies that enable the transformation of mixed and/or contaminated waste into raw materials with properties comparable to those of virgin materials. In this way, the programme contributes to the European Union's objective of closing the loop on raw materials as part of its strategy to transform industry towards climate neutrality.

The programme will be provided in the form of direct grants. It is open to companies of all sizes and in all sectors. The maximum level of support is 40% of eligible costs, which include additional investment costs – assessed by comparing the costs of the chemical recycling project with those of alternative, less environmentally friendly solutions.

The European Commission carried out the assessment in accordance with EU state aid rules, particularly under Article 107(3)(c) of the Treaty on the Functioning of the European Union (TFEU), which allows Member States to support certain economic activities provided that this fails to unduly distort competition.

The scheme is the first state aid measure to be assessed under section 4.4 of the CEEAG, which permits support for resource efficiency and the transition to a circular economy.

The Commission concluded that:

• The scheme is necessary and appropriate to support the development of chemical recycling of plastics;

• The scheme has an ’incentive effect’ – without public support, beneficiaries would fail to undertake investments of this scale;

France has put in place appropriate safeguards to minimise distortions of competition and intra-EU trade – the scheme is available to all companies operating in different sectors, and the level of support is limited to the minimum necessary.

The Commission therefore approved the scheme under EU state aid rules.

Read More »
Dow to reduce 1,500 jobs, targeting $1 billion in cost savings30 Jan 2025 / ChemCourier. Polyolefins Market Weekly / ChemCourier. Polyethylene Central Asia / company news

Dow_Chemical_Company_logo.svgDow Inc. has announced today measures to reduce costs by $1 billion amid ongoing macroeconomic uncertainty.

The company plans to achieve the majority of these savings through:

• A $500–700 million reduction in direct costs, primarily in purchased services and third-party contract labour;

• Lower labour costs, including a global workforce reduction of approximately 1,500 positions.

Dow will record a $250—325 million charge in Q1 2025 related to severance, benefits, and implementation costs, with $20—30 million expensed as incurred.

‘While these decisions are difficult, we must continue to take proactive actions to reduce costs while we navigate through this ongoing slower-than-expected macroeconomic recovery,’ Jim Fitterling, Dow chair and CEO, has said. ‘These cost actions support our commitment to our long-term growth objectives, while aligning spending levels to the realities of the current macroeconomic environment. As 2025 progresses, we will continue to evaluate options to reinforce our competitiveness and take further action if necessary.’

Dow will implement these actions in compliance with local regulations and consultation processes.

Read More »
Pricing
ChemCourier. Polyolefins Market Weekly
ChemCourier. PVC Market Weekly
ChemCourier. Polyolefins Market Weekly
Chem-Courier's Conferences
News
Europe
14 Feb 2025EUROPE Delivery terms Unit 14 Feb 25 7 Feb 25 Change 17 Jan 25 Change Mar 2025* FD EU contract (January) (EU) € / t 980–1030 980–1030 980–1030  20 CIF
14 Feb 2025Naphtha price has increased over the week, tracking changes in crude oil one. Market experts, however, consider the uptrend short-lived and predict that crude oil and
14 Feb 2025European cracker operators have reportedly increased run rates at their facilities from 70% to around 75—80% capacity over the week. Nevertheless, CC4 tightness persists
CIS
14 Feb 2025Ukraine (excl. 20% of VAT) Delivery terms Unit 14 Feb 25 7 Feb 25 Change 17 Jan 25 Change Mar 2025* EXW Kalush (Ukrainian K67) UAH/t СРТ Kyiv (All origins
14 Feb 2025Russia (excl. 20% of VAT) Delivery terms Unit 14 Feb 25 7 Feb 25 Change 17 Jan 25 Change Mar 2025* CPT Moscow (Russian K67) RUB/t 95833–100000 91667–95833
14 Feb 2025Week Product Grade Origin Price Delivery terms 7 HDPE Marlex TR-144 Saudi Arabia $/t 1020 CFR Constanta 7 HDPE P6006 Saudi Arabia $/t 1100-1160 FCA
Americas
14 Feb 2025There was a process upset at Baystar Bayport Polymers’ ethylene cracker in Port Arthur, Texas, on 12 February. The company submitted an initial emissions report to the
14 Feb 2025USA Delivery terms Unit 14 Feb 25 7 Feb 25 Change 17 Jan 25 Change Mar 2025* FAS Houston (US K65) $ / t 710–730 720–740 -10 690–710 +20 *Forecast
14 Feb 2025Spot prices steady USA-origin BD to head for Asia Supply remains somewhat excessive in the US butadiene market after winter storms. The current indicative prices are
Asia
14 Feb 2025Asia Delivery terms Unit 14 Feb 25 7 Feb 25 Change 17 Jan 25 Change Mar 2025* CFR Southeast Asia (Asian K65–K67) $ / t 715–750 715–750 715–740 +5 CFR China
14 Feb 2025The average ethylene price went $10/t up week on week to $880/t CFR NEA on 14 February. Downstream PE demand remains low, moderating ethylene appreciation. Volatile
14 Feb 2025Lotte Chemical Indonesia (LCI) will start a trial run of its new ethylene cracker in Cilegon in June instead of May. The cracker capable of making 1 million tpy of the
Middle East
14 Feb 2025According to market players, USA cargoes have started to arrive; however, shipments are still behind schedule. Under these conditions, US-origin PVC prices continue to
14 Feb 2025Market players have reported that PVC K67 from Inovyn has been on offer at $825/t CFR Turkiye this
14 Feb 2025Market players have reported that this week e-PVC has been quoted at $870—920/t CIF Turkiye ($950—1,000/t DAP factory), 120 days payment
More news »
Petrochemicals and Polymers

© 2004-2025 Chem Courier, all rights reserved

Free Trial »Subscribe »About Us »Contact Us »Conferences »Methodology »Back to top