For February, European PP sellers have come with initial hike targets of up to €60/ton for spot business as well as gentlemen’s agreements, as per Chemorbis. Sellers justified their large hike targetss by mainly pointing to the higher propylene contracts, which were settled with a monthly increase of €35/ton on top of the January hike of €110/ton.
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Thursday, February 10, 2011
Upper end of Italy’s PP spot market sees resistance from buyers
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