For the past many months, Europe has seen a spate of force majeures announced on supplies from polyolefin plants- During the first four months of 2015, 7 companies have declared force majeure at 14 polyolefin plants impacting plants that account for 19% of polymer capacity. This has boosted polymer prices resulting in record profits for those producers. However, as per Platts, it has soured relations between buyers and sellers and is also threatening to undermine the very trading structure many of Europe's biggest companies rely on for secure supply of plastics that go into packaging.
Additionally, availability of imported material is sporadic and at the mercy of exchange rates that currently do not favor buying in dollars.
06-May-15 
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