Plasticizers - Europe January 2017
A plasticizers producer reported to have sold January quotas with €30-50/ton increases from December and noted, “We sold material on the high end of the ranges to those buyers who were not regular customers, but we were able to procure material for them amid supply shortness due to the production issues at BASF. Demand has been good for this month and we expect further hikes of €50/ton for February given the rise in the feedstock costs.”
A distributor, who sold his material with increases of €40-50/ton both in the local and import markets due to the ongoing availability issues, affirmed that February outlook is bullish since the propylene market is under upward pressure.
A different distributor reported selling West European material with €20-30/ton increases for DINP and DIDP while selling DOTP €40/ton higher from last month. The seller stated, “Demand was not that bright this month and the market is rather calm. We are not sure whether the market will be able to absorb further hikes in February, considering increased volumes of import DOTP on their way to Europe.”
A buyer claimed that he has already heard a February offer for import material with €40-50/ton hikes from January.
In the import market, DINP offers for South Korean origins stand at €1230-1250/ton on DDP, 60 days deferred payment basis while Korean and Turkish DOTP were traded within the range of €1090-1150/ton with the same terms.
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