The direct and indirect effects of the global COVID-19 pandemic have shaken up the availability and prices of Polyproplylene (PP) in an unprecedented way. Lockdowns, rising oil prices, record-breaking shipping rates and increasing consumer demand are just a few examples. In order to secure PP granulate and ensure production continuity, our production facilities and production partners in Asia, Europe and Africa are monitoring the PP situation on a daily basis. After having reached an unprecedented high during the first half of 2021, PP prices are expected to return back to normal levels over time. However, uncertainty and volatility will continue to prevail in the near future.
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[i] S&P Global Platts – Polymerscan Volume 44 / Issue 26 / June 30, 2021
[ii] ICIS – Polypropylene Europe price forecast report – Vol 9 No 6 | June 2021 (week 23)