Wochenbericht Harz: Kunststoff Preise unter Druck; Weitere Erosion erwartet

Spotresintradingimprovedlastweek, Althoughthemarketisstillverynervous. Theflowofmaterialwasheavy

wieder, Andwhilecompletedvolumesrosesubstantially (Fromdismallevels), Offershavestillbeenaccumulating,

writesthePlasticsExchange(Chicago)initsMarketUpdate.Most,ifnotall,commoditygradepolyethylene(PE)

Andpolypropylene (PP) Resinsarereadilyavailable, Andaverywiderangeofpricesarequoted. Vorgelagerten

Energyandfeedstockpricesrecoveredsomewhat, Butplasticsremainedunderpressure. Marketparticipants

Anticipatefurthererosionahead, asoffersforshipmentstwoweeksoutarecheaperthanmaterialforimmediate

Versand. Incrementalexportsalesremainseasonallychallenged,compoundedbythestrongU.S.dollarand

Negativeregionalmarketsentiment.

SpotPEtradingwassignificantlymoreactive, asasteadystreamofofferscontinuedtopeltthemarketand

Pricesslidfurther. Mostgenericprimegradesdroppedanotherpennywithvariousone-offdealsdoneatsteeperRabatte.Resinhasbecomeplentiful; EvenpreviouslyscarcegradeslikeLDPEfilmandLLDPEhaveemerged,

Shrinkingtheirpremiums. Houstontradershavedroppedtheirbids, lookingtoliquidateunsoldlotsratherthan

Takingonnewpositions und Asalways, Seekingback, Backtransactions, ReportsthePlasticsExchange.

Amidfallingspotlevels, someprocessorsseemfrustratedbythelackofclaritywithNovemberPEcontractsand

Haveminimizedvolumecommitments. SeveralproducershaveloweredNovemberPEby 0,03$ / lb, butothers

Haveyettoannouncethemagnitudeoftheirdecrease. Whilethepricereliefiswelcomedbybuyers, 0,03$ / lb

TropfenIsnotnecessarilydeemedalargeenoughbreak, Andsomeareeying$ 0,05/lbtocompletelywipeawaythe

Septemberincrease.PerhapsitwilltakethroughDecembertoachievethenickelormaybeshaveevenmore.

PPtradingpickedupabitanddealswereflyingifthevolumeswerelarge.Genericprimelevelsgenerallyslid

Anothercent, Withlargerdiscountsneededtomoveoffgrade. Resellershavemaintainedtheirefforttoliquidate

Uncommittedmaterial, Acceptingreasonablebidsevenifitgeneratedaloss. NovemberPGPcontractssettled

Earlierinthemonthdown$ 0,06/lb; thePlasticsExchangeexpectsanotherrangeofPPcontractpricemovement

Basedonparticularindexmarkers, Spotlevelsandmonomercomponents. SomePPbuyersappearedwillingto

Payseveralcentsextraforlast-Minutetruckloadshipmentsratherthanbuyingacheaperrailcar.AspricesKaskadeniedriger,Theyfearbetterdealswillemergebeforethebulkresinevenarrives. Thatsaid,othershavefound

Deeplydiscountedspotofferscompellingandworthyofmulti-Carorders. Pricelevelsaregenerallyseenfromthe

Mitte$ 0$ 0 .40tomid .50rangebasedonqualityandquantity; someisolatedroughermaterialhasbeenpriced

startingwitha3; Homopolymerhasbeennoticeablyweakerthancopolymer.