Polymer News: Polypropylene (PP) Prices Plunge In Europe
This week, European polypropylene markets saw sharp price drops amid a bearish outlook, driven by weak demand and surplus supply. PP prices fell in October despite volatile crude oil prices. Buyer interest declined as players avoided holding excess inventories. Supply rose due to recovering production and increased imports.
Despite ample offers, buying sentiment remained low due to unpredictable lead times and expected shipments in December and January. Both homopolymer and copolymer prices dropped as buyers focused on need-based purchases, while producers reduced output to match weak demand.
Downstream sectors like geotextiles and automotive remained sluggish, further limiting PP demand. Market activity was subdued, with participants attending a trade fair for plastics processing in Germany.
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