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Europe PE demand picks up amid restocking and buying from China

(Recasts, clarifying 12th paragraph)

LONDON (ICIS news)--European polyethylene (PE) demand has picked up as some buyers return to the market to replenish low stocks amid continued buying from China and fewer expectations of a much lower price in December, source said on Friday.

“We have had our best sales month of the year in November,” said one major PE producer, who said it had supplemented mediocre European sales with export volumes.

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