European Plasticizers Update
A South European producer concluded their September deals for plasticizers with rollovers to increases of €10/ton from last month. A producer source commented, “Demand was good. For October, we are anticipating increases of at least €50/ton considering higher propylene costs. We heard about a lack of DINP availability from a West European producer. Therefore, we think that supply might be another driver to boost plasticizers prices. Our availability is regular for now and we expect to see a pick up in demand.”
A distributor sold DINP and DIDP with rollovers from August while applying increases of €10-20/ton for DOTP. “Supply is short for now. The market is quiet, but we expect to see a firming trend in October considering higher propylene contracts,” he noted.
A converter bought West European DIDP and DINP with rollovers from August. The buyer doesn’t expect to see any major changes in October. A compounder paid stable prices for September and considered the outlook to be steady for October as well, assuming that the market isn’t strong enough to support higher prices.
Another compounder received some September offers for plasticizers with rollovers to increases of €10/ton, but elected to skip his purchases this month. Despite acknowledging weak demand, the buyer expects to see an upward trend in the days ahead considering firmer feedstock costs.
In the import market, South Korean DINP offers were quoted at €970-980/ton DDP, 60 days. For DOTP, South Korean offers were mostly reported in the range of €950-1000/ton with the same terms. Turkish cargoes were offered at €980/ton DDP, 60 days.
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