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Plasticizers - Europe July 2017

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/07/2017 (14:09)
In Europe, the plasticizers market followed a stable to softer trend in July with further decreases seen in the second part of the month, especially for DOTP prices being reported €50-60/ton below June levels. Initial August offers started to be revealed with slight decreases this week, although demand is expected to remain slack given the summer holidays.

The price ranges for the second half of July stand at €1300-1490/ton for DINP and DIDP and at €1300-1450/ton for DOTP, FD, 60 days.

As for the second part of the month, more import cargoes from Asia and Turkey have found their way to Europe at competitive prices, which put further pressure on the local market. A trader offering locally-held Asian and Turkish DOTP sold his material at €1380-1400/ton over June and said that the market will remain weak also for next month. Another trader of Asian DOTP, who sold his cargoes at €1360/ton, expects another round of decreases for next month as supply seems to be stabilized.

With more competitive offers in the import market, converters preferred purchasing Asian and Turkish materials. One compounder purchased a few cargoes of DOTP from Korea at the low end of the local range, stating that prices are likely to see further decreases in the coming days. Another buyer, who purchased some European DINP at €1400-1470/ton with a decrease of €20-30/ton from June, thinks that August will see additional drops as well.

In the import market, South Korean DINP was reported within the range of €1320-1370/ton on DDP basis, 60 days. South Korean DOTP stood at €1270-1280/ton while Turkish DOTP was traded at €1300/ton with the same terms.

Initial offers for August started to emerge this week. A distributor of a West European producer revealed his new offers with rollovers to €10-20/ton decreases for DINP and DIDP while lowering his DOTP prices by €30-40/ton. The source from the producer said, “After applying rollovers for July, our supplier lowered his new levels for August in order to compete with the other origins in the import market. We expect a slowdown in demand for August and another round of decreases for September.”

A different distributor of a Central European producer also lowered his August prices by €10/ton for DINP and DIDP.

August prices are expected to post another round of decreases as the majority of players will be absent from the market owing to the long holiday period. Regarding September, players started to voice their expectations calling for a softer outlook, meanwhile. This is because prices are considered to have reached very high levels. Improved supply levels together with competitive import material might exacerbate the downward pressure on the European plasticizers market in the medium term.
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