Europe Recycled LDPE Spot Prices: Stable- Stable pricing at the year end- Market participants continue to look forward to 2023Despite limited buy interest and subdued
sentiment before the year ended, European recycled LDPE sentiment was steady. The same stability was
seen in the virgin market, with low demand and buy interest. Sources said that January would see little change as
recyclers and consumers continue to run longer year-end maintenances despite
weak demand. Spot prices in the virgin
market were stable, despite receiving firmer offers. However, consumers remained cautious due to fears of
recession and inflation. This limited discretionary spending in a weak market
for construction. This impacted the
housing market as higher interest rates meant that companies and regional
governments could not or were unable to fund new infrastructure projects. Pre-existing corporate debt is becoming more...