February PX contract concluded at split settlement in Europe
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, February PX contracts in Europe were agreed at a split settlement of €727.5/ton-742.5/ton ($800-817/ton with the recent parity) FD NWE.
The average of the split settlements for February now stands at €735/ton ($809/ton), indicating €52.5/ton ($58/ton) decreases from the previous month.
According to ChemOrbis Price Wizard, spot PX prices were last reported at around $635/ton (€577/ton) FOB NWE, down by around $35/ton (€32/ton) from early February levels.
The average of the split settlements for February now stands at €735/ton ($809/ton), indicating €52.5/ton ($58/ton) decreases from the previous month.
According to ChemOrbis Price Wizard, spot PX prices were last reported at around $635/ton (€577/ton) FOB NWE, down by around $35/ton (€32/ton) from early February levels.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- China PP price uptrend intact after holidays despite local supply pressure
- Saudi PP, PE markets reverse course in Feb after 8 months, maintenance schedule busy in Mid-East
- Freight carriers aim to manage supply-demand balance by blanking more sailings
- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
