Europe’s PE market has entered a new phase as the prolonged downtrend that dominated the past three months appears to have run its course. While demand remains seasonally weak and most buyers continue to purchase cautiously ahead of the summer holidays, low-end offers that defined the market in early July have largely disappeared. At the same time, producers have become increasingly reluctant to sell at previous levels, encouraged by firmer feedstock expectations, higher import costs and renewed volatility in energy markets...
