Following the rise in the ethylene reference con- tract, polyethylene prices rose in March. HDPE producers were able to pass on the costs at mini- mum, while LDPE and LLDPE suppliers generally managed to push through a small margin improvement, too. The many calls for triple-digit increases, however, proved overly ambitious.
Supply was reduced by scheduled and unsched- uled shutdowns. Imports were unable to completely fill the gaps in demand.
April is likely to have seen further small increases. Although the ethylene reference contract stuck at its previous month’s level and demand was likely to have been somewhat slacker due to the Easter holidays, the limited supply situation was playing to the price hike wishes of suppliers.