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March PP deals concluded in Europe

by ChemOrbis Editorial Team -
  • 15/03/2016 (12:01)
The European PP market remains on a stable to firmer note this week as March deals are being concluded. Demand is said to be good and supply is rather limited while players did not report facing any problems in securing material.

A West European producer concluded some spot PP deals with €20/ton increases from last month. The producer is giving offers for March PP contracts with small increases of €5-10/ton at €1140-1145/ton for homo-PP injection and at €1180-1185/ton for PP block copolymer injection FD, 30 days. A producer source didn’t exclude the possibility of issuing further increases later in the month citing dwindling availability.

A distributor in Germany sold West and Central European PP with increases of €30/ton from last month in the range of €1040-1100/ton for homo-PP and €1090-1150/ton for PP block copolymer on an FD, 30/60 days deferred payment basis. The distributor reported seeing good buying interest so far.

In Italy, rollovers to increases of €20/ton are passing on March PP deals in the spot market with respect to February while larger hike requests are still present in the market. A converter bought some West European PP with rollovers from last month at €960/ton for homo-PP injection and at €1010/ton for PP block copolymer injection FD, 60 days. “We managed to find stable prices from one supplier while two other West European producers are firm on their hike requests of €20-30/ton. Sellers aren’t under sales pressure and supply levels have fallen slightly, but we did not face any difficulties in procuring material. We might consider making new purchases in April only if prices do not register strong hikes,” he commented.
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