European
Polypropylene - Market uncertainty continues, as the pricing remains illiquid-  Participants
note market deadlock-  Products
from the Middle East are available to European consumersThe
European polypropylene market was still uncertain during the week ending Nov.
9. Illiquid pricing continued despite weak demand signs and signs of
implosion. Participants noted that the market was still in a stagnant
state due to limited downstream derivative demand. They also pointed out that
there was little appetite for food packaging, as all sectors had low buying
power. This week saw a sharper disconnect between spot and contractual
markets. Market participants noted that some players were targeting price
increases in the former market while simultaneously lowering spot prices to
increase buying interest and boost competition against imported
material. This dynamic was compared to earlier in the year...