Egypt’s OPC issues February PP raffia prices
A source from the producer, who claimed to be proceeding with their deliveries without any problems, commented, “Demand has been picking up and we anticipate gradual improvement in buying interest since many players had refrained from making fresh purchases back in January, expecting further softening. Therefore, most converters are currently working with low stocks and we believe that this situation will eventually force them back to the market, where locally held supplies are relatively limited. For February, we mainly anticipate a steady trend as the market has already started to show signs of stability.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- China boosts polymer imports from US again despite shrinking overall imports in 2022
- Asian PVC prices cautiously rebound from more than 2-year lows
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December