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Spot propylene prices plunge in Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/03/2017 (17:34)
In Europe, spot propylene prices shrank considerably on Friday amid limited trading. The daily loss was reported at around €140/ton, which came right after spot propylene prices reached 32-month-highs, according to ChemOrbis Price Wizard. The premium spot prices caried over March propylene contracts was standing at €225/ton; however, it has now fallen to €90/ton after the Friday’s plunge.

Players are now questioning the possible effect of the steep declines in the spot prices on the outcome of the April propylene contracts. There were some players who were not expecting significant increases for April amid lower crude and naphtha prices even before the steep falls in the spot propylene market.
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