Price hike by polymer producers

The planned price hikes by polymer producers in the US and Europe are
starting to bite.In the US processors saw February prices of HDPE, LDPE, LLDPE increase by as much as 20% and have reported further price rises of between 6% and 10% in the last two weeks. Conversely PET and Polypropylene prices have continued to fall over the last 4 months but PVC price reports show a recent rise of around 10% In Europe the picture is similar with LDPE and LLDPE increased by as much as 5% and 7% respectively. HDPE prices appear unchanged but are unlikely to remain so. PET buyers are reporting hikes of around 5% and PVC buyers are
seeing an average increase of 7%. Polypropylene prices as yet have not been affected.

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