It’s always good to start with some postive news! The summer period was one of relative calm with most polymer prices holding their value, albeit at relatively low prices. As many European factories close for a number of weeks during July and August a slow down in demand is both inevitable and expected.
This year was no different, but the industry coped admirably and managed to maintain prices and keep recycled materials moving. Anecdotal evidence indicates that waste plastic arising were slightly down this summer and this is turn helped maintain prices. Oil appears to have moved on from the dark days of sub-30usd / bbl and OPECs recent decision to limit production means that prices can only go in one direction over the coming weeks.