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Plasticizers - Europe March 2016

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/03/2016 (17:55)
In Italy, the plasticizers market witnessed decreases for another month in March while players are questioning whether prices have bottomed out or not. The price ranges are quoted at €960-1070/ton for DOP, at €980-1070/ton for DOTP and at €950-1030/ton for DINP and DIDP FD Italy, 60/90 days deferred payment for March.

A distributor reported concluding his March deals for European origins with decreases of €20-30/ton from last month after approaching the market with rollovers. Regarding the April outlook, the seller expects to see a rebound in plasticizers prices, assuming that propylene contracts will settle higher.

Some compounders made some purchases with decreases of €20-30/ton from last month. The buyers expect to see an improvement in their end product demand given the high season and they are anticipating a firmer trend for the upcoming month.

Another buyer bought DIDP and DINP with discounts of €10-20/ton for March, commenting, “Prices for plasticizers have reached quite low levels so we think that suppliers will take a firm stance on their prices in April. Feedstock costs are likely to set the trend and expectations are calling for a higher propylene settlement.”

In the import market, March offers for South Korean DINP were quoted at €960-970/ton DDP, 60 days. A buyer purchased Turkish DOTP at €950/ton with the same terms after receiving initial offers at €970/ton for this origin.
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