Polymers Prices Fall in Europe and the U.S.

The makings of a rout were brewing in polymer markets this week, with producers all but abandoning plans for September price increases. Sellers retrenched, rolling the nominations into October, but buyers have resisted sharply, citing near stagnation in end-use demand as well as ample inventories. Spot polyethylene in all types was lower $100-150/m.t. in the U.S. and Europe, with the notable exception of high-density PE in Europe, which tumbled $300/m.t. Polypropylene and polystyrene also held export price declines to $100-150/m.t. in North America and Europe...

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