After a few weeks of decreasing prices, we see an increase in monomer prices. This will probably push the PE and PP prices up a bit. The Swedish krona is very weak and the SEK/EUR rate was above 10,50 SEK/EUR today. This rate was unthinkable a Year ago. So, even though prices have dropped a bit lately we have actually seen an increase in the local market if you convert the price to SEK.
We try to smooth out the effects of the exchange rate as good as we can, but when the rate varies this much we can’t really do that. We have to wait and see what the politicians think is most important. Good export, low interest rates and inflation or a stable housing market. The interest in investing in SEK right now is very, very low and that will feed the export industry.