EU consumer confidence decreases in February by 0.2 percentage points. But the indicator remains above its long-term average, according to the latest data from the European Commission.
The data likely reflects consumers’ worries about inflation and geopolitical issues, a trend impacting also demand for polymers.
Demand in some polymer markets failed to pick up after the seasonal slowdown in December.
Signs increased in February that high prices of polymers were beginning to slow down demand, a situation amplified by soaring energy costs and geopolitical unceraity in Ukraine.
For example, polycarbonate (PC) buyers could be looking at price decreases for the first time in months in March.