Episode 1027: June gloom for PE, PP in Europe & Turkey, market mulls new Poland plant and election
LONDON (ICIS)--June has been a month of unexpected, unseasonal gloom for polypropylene and polyethylene in Europe. Poor demand, triple digit contract price drops, force majeures were the backdrop for Europe’s first new PP plant in 15 years starting production in Poland. Meanwhile, Turkey’s market is digesting Erdogan’s re-election.Polyolefins editors Vicky Ellis, Ben Lake and Samantha Wright discuss the key trends for June and what is expected for July.