19 June 2013 14:43 [Source: ICIS news]
LONDON (ICIS)--Polypropylene (PP) imports into Europe in March this year were up by 12.6% from February, but remained close to 7% below January levels, recent data from statistics agency Eurostat has shown.
Exports were down by 3% from February, and by 14% from January, but first quarter 2013 exports were up by 23% from the same period in 2012.
Demand for PP in Europe during the first quarter of 2013 was poor. Demand did not pick up until May, when buyers felt prices had reached the bottom of the cycle. June demand has also been good, but price increases are widely acknowledged to be based on reduced output rather than on any fundamental change in the market.
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