Plasticizers - Europe March 2016
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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