LONDON (ICIS)--Polypropylene (PP) producers are looking for increases in April, and are talking big hikes – one by as much as €200/tonne, or around 16%, sources said on Monday.
“We will see record prices,” said a producer. “Absolutely everything is pointing towards price improvement.”
Prices still have some way to go before reaching a record high, which was around €1,400/tonne FD (free delivered) NWE (northwest Europe) on a net basis in March 2011. Net spot prices are around €1,250-1,300/tonne FD NWE at present, but sources expect them to increase in the coming days and weeks, as availability is tight.more >>
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