European producers sought hikes in March deals well beyond the monthly monomer upsurge on the back of a combination of intensifying tightness and robust demand. March marked the fifth straight month of hikes, while the pace of gains accelerated. All in all, PP and LDPE markets hit all-time highs.

European PP, PE breach 2015 levels

PP and PE prices touched new highs after sizeable March gains, breaching back then all-time high 2015 levels.

According to ChemOrbis Price Index data, the weekly averages of LDPE, PPBC and PPH inj. prices in Italy and Northwest Europe hit all-time highs. Data also revealed that LLDPE and HDPE prices hit their highest levels since July 2015.

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