European Polypropylene: Spot activity increases from Dec
levels- Market players return- Lowering energy costs provides reliefSpot activity on the European polypropylene
market increased in the week ending Jan. 11, as participants returned from
holidays. The
week saw a rise in buyer appetite, as buyers sought to replenish stocks after
December's low levels. A trader stated
that many buyers couldn't find a basis for formula contracts. These weren't
settled fully, so there may be more spot activity. "We can't tell if there is more demand underlying,
however this is positive." Due to
extended winter holidays, buying activity was limited during the first part of
the week. The optimism was fueled by the
fact that energy costs are lower in Europe because of the temperate climate
conditions throughout the continent.European Polypropylene Weekly Rationale









Spot prices for homo...