Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

Sentiment shifting in West European PP market

by ChemOrbis Editorial Team -
  • 10/02/2015 (18:23)
In Northwest Europe, more February PP deals are being concluded with decreases from €40/ton to €70-80/ton this week. Several distributors reported holding low stocks after allocating good volumes last week so some of them are closing their February order books. Indeed, demand is said to be satisfactory this month after buyers avoided buying large volumes last month in anticipation of finding lower prices in February.

The PP price ranges are quoted at €1000-1085/ton for homo-PP and at €1050-1135/ton for PPBC inj., FD, 60 days. The low ends of the ranges were reported by a French distributor who conceded to the entire propylene drop of €80/ton on his February PP prices in order to gain competitiveness.

A Belgian distributor issued discounts of only €35/ton on his February deals citing his short availability, commenting, “We have closed our order books for now and our West European supplier is mulling over increases for March.” Another distributor in Germany reported limiting his February discounts to €40/ton for West European PP due to his short supply.

Some players are voicing their expectations of seeing increases in the upcoming days even ahead of the March announcements given the recent gains in upstream markets and reduced availability. Spot naphtha prices are up by almost $25/ton on the week to reach $500/ton CIF NWE on the back of firmer crude. Spot propylene prices also inched up to be reported at €735/ton FD NWE.

A distributor in the Netherlands already reported raising his prices by €20/ton citing firmer energy costs after selling some February volumes with decreases of €70/ton from January last week.
Free Trial
Member Login