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In Italy December Opens With Mainly Stable PP Prices
by B2B Plastic World B2b Plastic world is a Exclusive Plastic B2B porta After three successive months of declining prices, the local PP market in Italy has begun to become stable in the month of December, with many European suppliers holding onto their prices this month. Complaining concerning their tapering margins amidst comfortable supply versus unhealthy demand, many producers had condensed their production rates over the month of November.a distributor, who started to offer his new shipment West European PP cargoes with rollovers stated that the December propylene contract price posted only a small decrease. Although buying interest is low, we will try to maintain our current prices.
Other side one more distributor stated that we anticipate prices to remain stable this month as the current market level is already low.
Furthermore, a reseller also noted that several PP producers are said to be mulling over further run rate cuts in order to stop the decreasing trend and to cover their lost margins.
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Created on Dec 31st 1969 18:00. Viewed 0 times.
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