Polypropylene

The downward trend in PP prices that persisted for nine months, except for a slight rise in November 2022, has been halted – at least for the moment. In February 2023, the polymer began to turn upwards again on the back of an €80/t ($85) increase in the price of propylene feedstock. Initially, producers insisted on passing through the cost increase in full, but over...

Prices for PP, which have been trending downward since May 2022 (except for a brief pause in November), continued to fall in January 2023. The new decline in the propylene reference contract, which dropped €95/t at the start of the year, set the tone. However, producers often did not pass on the full cost reduction and justified this by pointing to persistently high energy prices....