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Initial PP prices shrug off lower costs in West Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/01/2016 (18:02)
January PP prices have started to emerge in West Europe after propylene contracts settled down €50/ton from December at €620/ton on an FD NWE basis. Despite lower feedstock costs, initial PP prices are suggesting a stable trend as some sellers are reluctant to reflect the propylene drop to their prices citing supply constraints.

A West European producer rolled over their January PP offers from December in Belgium. The producer’s new spot prices are at €1150-1160/ton for homo-PP and at €1200-1210/ton for PP block copolymer injection on an FD, 60 days deferred payment basis. A producer source commented, “We left our prices unchanged considering limited supply amidst a good number of inquiries.”

A distributor in Belgium is giving January offers with rollovers to increases of €20/ton at €1230-1250/ton for homo-PP and at €1280-1300/ton for PP block copolymer injection, FD, 60 days deferred payment. The distributor cited tight supply and good demand as the main reasons behind his higher PP prices.

Despite the stable initial offers, a few other distributors in Germany and Belgium expressed their January sell ideas with decreases between €20/ton and €50/ton for West European PP, commenting that they aren’t facing any particular availability issues for now. Therefore, more PP prices might emerge at lower levels in the days ahead following stable initial offers.
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