The tightening market situation allowed European PET producers to increase their prices in July 2017, despite declining raw material costs. This resulted in noticeable margin increases. Free volumes were rare at the start of the month, and import activity had considerably tailed off in the wake of clear price rises in Asia’s domestic markets. Demand rose on a daily basis, spurred on by the hot weather that prevailed over large areas of Europe.

This similarly affected recyclate suppliers who, as in previous months, were able to push through a slight increase in their profits again in July.

While latent upward pressure was still prevailing in August, a number of factors were also tugging in the opposite direction. Supply levels could rise relatively rapidly again, not least through imports emerging on the horizon. At the same time, demand should also subside somewhat. Rollovers would not be surprising. Further increases are conceivable too.