European
Polypropylene Spot Prices Stay Stable Despite Slowing Market Activity-
Limited trading activity-
Customers reduce contractual volumes for 2023As
participants prepare for the year-end, trading activity on Europe's
polypropylene markets was low in the week leading up to Dec. 21. As
converters tried to maintain low stock levels as they shut down their plants
for the holidays, demand dwindled. Sources said December's end-consumer
demand was weak due to low inflation and recessions in Europe. There were
still some consumers looking for bargains in the low-priced environment. Import
offers were particularly competitive. A producer stated that the market
was at a complete standstill and that nothing is really happening. The
supply side was plentiful with plenty of stock in sellers' warehouses. Participants
in the contract market were looking to close their contracts for the next
year. As the...