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Plasticizers - Europe August 2017

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/08/2017 (19:12)
In August, the activity in the European plasticizers market remained subdued throughout the month as players were mostly away from the market due to the long summer holidays. Accordingly, the trend was reported to be slightly down by €10-30/ton for DINP and DIDP while DOTP was €50/ton lower in some cases compare to the last July levels. In the meantime, new offers for September started to emerge in the market.

The price ranges for August stand at €1300-1470/ton for DINP and DIDP and at €1300-1450/ton for DOTP, FD, 60 days.

A distributor offering West European material sold his volumes with €10-20/ton decreases from July, blaming muted demand . The source added, “Our suppliers decided to maintain their prices unchanged for September, although DOTP prices stand at a very high level. However, we will wait tosee the reaction of the market before adjusting our prices.”

Converters are taking a waiting stance for now as they have concluded only a few deals paying small decreases for August. A buyer in France purchased some cargoes at the beginning of the month paying decreases of €50/ton for DOTP and €20-30/ton for DINP. The buyer said, “Higher imports coming into Europe might put European suppliers under pressure, especially in the DOTP market. We think that prices will go further down in September.”

The low ends of the locally-held price ranges for DINP and DOTP are formed by Far East Asian origins and the gap between them and European origins is over €100/ton.

Expectations for September are calling for a stable to softer trend. Although September propylene contracts were settled €40/ton higher from August, a few buyers think that plasticizers prices have already reached high levels and they expect no particular changes for the next month. Local supplies improved following the return of Evonik while BASF is also supposed to come back during September after a long period of absence. However, competitive import materials that have already showed up during July and August might put extra pressure on prices for September.
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