Spot polypropylene prices in North Africa were steady this week as trading activities remained subdued due to Ramadan. Buying was not “unusually” slow, a trader said, adding that consumers continued to purchase their “normal allocations.” The market's attention was focused on buoyant oil prices as many producers were heard already positioning for further increase in their September offers. Naphtha prices in Europe have so far averaged at $905/mt CIF NWE in August, up from $825/mt in July.
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