Petchem EMEA Weekly PP Commentary- Less demand than RPE- Reserved sentiment from buyersSpot pricing stability in the European
recycled plasticpropylene market continued during the week ending March 22nd.
This was due to the availability of black pellet material which exacerbated market
length. The spot
price of black pellets in recycled polypropylene markets remained steady at
Eur920/mt NWE for the fourth consecutive week. Similar trends were observed in the natural pellet market
with prices stabilizing at Eur1,900/mt NWE. This stability is reflective the market's uncertainty, which
is exacerbated by a weak and reserved buyer base. The subdued demand fundamentals were compared to other
recycled polyolefin market players. Distributor
said that rHDPE has the strongest demand and rPP is the weakest. He also
explained that R-PP end products are in weak demand downstream. The players also pointed out...