In July, the market for standard commodity plastics was again marked by the threat of a gas supply freeze from Russia, industry concerns about a possible recession and consumers’ reluctance to spend in the face of rising inflation rates. In addition, the summer slump was making itself felt with declining incoming orders. The market had continued to turn into a buyer’s market and quotations were falling across almost all grades, manufacturers, distributors and converters told EUWID at the end of July....
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