The global Polypropylene market underwent significant shifts in early January xxxx, marked by price surges in North and South America, while European and Middle Eastern markets remained stable. These changes were fueled by restocking amid expectations of rising feedstock Polypropylene prices and strong market sentiment.
In Europe, demand from construction, automotive, and packaging sectors remained weak, but active restocking kept the market stable. Tight import availability and surging freight rates raised prices of Asian and Middle Eastern materials, surpassing domestic levels. The stronger USD reduced low-priced import of Polypropylene which were seen gradually disappearing out of the market, stabilizing the Polypropylene market despite anticipated increases. Buyers in Northwest Europe rushed to secure volumes as supplies tightened, with anticipation of further tightness expected as the exporting Middle East market reduces business operations due to upcoming Ramadan festivities.
Middle Eastern producers prepared for price hikes...
