Players in Italy report that the recently settled May monomer contracts have reinforced the bearish sentiment prevailing in the country’s PP and PE markets. Lackluster demand and sufficient stock levvels on the buyers’ side have been exerting downward pressure on prices in the country, while European sellers have also had to contend with competitive offers for non-European origins, as per ChemOrbis.
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Thursday, May 03, 2012
Lower monomer settlements reinforce bearish PP, PE sentiment in Italy
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