Polymer prices going up

Polymer prices are surging in early 2026, with increases exceeding 40% by March, driven by Middle East conflict, severe supply chain disruptions, and soaring energy costs . Polyolefins (PE, PP) and PVC face significant hikes and shortages, with market volatility expected to continue as Brent crude holds above $100/barrel. Key drivers are: Geopolitical Conflict: Disruptions in the Middle East, particularly affecting the Strait of Hormuz, have restricted raw material supply, causing a 50–60% surge in some feedstocks. Production & Supply Constraints: Several European suppliers declared Force Majeure, leading to a "500+ EUR" target for price increases for some olefin monomers. Upward Trend: Prices for PE, PP, PS, and PVC rose in March 2026, with April expected to see further increases, including a planned 30-cent-per-pound hike for polyethylene in some markets. Global Impact: While Europe faces steep increases of €400/tonne, India's PVC market witnessed spikes of up to 78%, and similar shortages are hitting global markets.