Propylene contract price is expected to decline in April. Many traders do not see positive prospects for the polypropylene market in the coming months. The PP price is expected to go down in April as well due to weak activity in sectors such as construction, agriculture, and stagnation in the automotive industry. Additionally, the steady availability of imported material will put pressure on the commodity prices, Producers and traders will be forced to take actions aimed at retaining customers. In March, the demand for homopolymers has been sluggish, as reported by market players.
- The main reason for the subdued demand, according to several traders, has been the lack of or a small number of orders from clients - producers of finished goods;
- Some traders have sold more material to the construction industry, while the automotive and furniture industries have been much less active;
- Imported material from Turkiye and South Korea is increasing the PP supply in the market;
- Market activity for copolymers remained weak throughout the month;
- Several traders have reported decent demand for PP block copo, while PP random copo has been bought much less frequently, with only a few t sold per month;
- Car production fell by 74% in January-February compared to last year; according to data from the Central Statistical Office of Poland.
