In may, the European mainstream thermoplastic manufacturers sharply higher prices for three months in a row. Polyolefin prices again to catch up with the raw material cost price rises.

Prices is mainly due to the large-scale production equipment problems, lead to supply shortages. Open the first four months of this year there are seven companies announced 14 force majeure polyolefin plant of Europe, nearly 20% of polymer production.

Therefore, polyolefin prices continued to rise, new highs. Low density and linear low density polyethylene prices 140-150 euros/metric tons, ethylene contract price rose 80 euro/metric tons. At present, HDPE (high density polyethylene) facing the most severe polymer supply shortages, prices surged 180 euros/metric tons. Polypropylene prices rose 150 euros per ton, propylene contract price rose 75 euros/ton.

By multiple cracking unit and polymer factories supply disruptions, material supply crunch may market. Manufacturers inventories low, most sellers said months had clear inventory. Weakening of the euro against the dollar, market rare import source.