In November, the Western European PE markets were once again subdued, with the sluggish economic situation affecting most fields of application. Due to the slightly falling tendency of prices, some buyers with bonus contracts decided to do some purchasing after all in a bid to reach the target volumes at the end of the year.

Otherwise, things were predominantly calm, especially in the second half of the month when the ethylene prices began to slip. In the end, the price cuts were about the same as the small drop in the ethylene reference. December is likely to have seen more significant price cuts as the ethylene reference took a triple-digit tumble. In the ‘short’ end-of-year month, buyers will also have expected polymer producers to grant them similar reductions. In most segments, suppliers have little chance of opposing this request.