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OUTLOOK '15: Europe PE, PP uncertain as crude plummets

By Linda Naylor

LONDON (ICIS)--2014 has been a year of two halves for polyethylene (PE) and polypropylene (PP) in Europe.

It started off sedately enough.

PP prices remained stable for the whole of the first quarter, bucking the volatile trend of 2013 that had been hard for players to manage. Prices then rose in orderly fashion on propylene shortages, but pricing was largely in line with upstream propylene movements.

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