Petchem EMEA Weekly PP Commentary■ Participants mention relatively healthy fundamentals■ Limited supplies of natural materialParticipants in the market cited improved
demand fundamentals in Europe's recycled polypropylene industry in the week to
August 3. However, the downward trend in low-quality recycled PET continued.
Black pellet pricing fell Eur40/mt from the previous week at Eur1,450/mt. A trader stated that
despite the slowdown in business, there is still a lot of demand. This
contrasts with recent feedback about limited buyer interest. The market was struggling to source natural material, and
the supply of the material remained tight. The market price remained stable at Eur2,330/mt, which is a
substantial premium to its black counterpart. This contrasted with the current dynamics in the recycled PP
market, which was characterized by weak demand and strong supply funds
throughout the C3 value chains...