PP prices posted losses from December to January in Europe, according to the GC Intelligence monthly assessments.
Better market conditions allowed prices to fall for the second consecutive month from the highs reached last year.
The polypropylene homopolymer spot price dropped €40/mt in January. However, prices remain at levels considerably higher than they were before the pandemic.
As with most polymers, despite improvements, a strong demand, high costs, and logistic disruptions remain headwinds against a big downward correction.