This week, PP prices displayed a mixed undertone in Europe.
An industry source in Europe told a Polymerupdate team member, “PP prices in Europe followed a divergent trend, as spot prices declined sharply while contract prices registered a steep rise. In the spot market, lower propylene feedstock prices and ongoing fluctuations in the energy market reduced cost support, while buyers resisted high prompt offers and limited purchases to immediate needs. Improved availability and slower trading activity further pressured prices. In contrast, contract prices rose as earlier feedstock cost increases and monthly settlement formulas continued to filter through the market. The widening gap between firm contract levels and weaker spot demand reflects increasing margin pressure on downstream processors and cautious near-term sentiment.”
In the spot markets, PP injection moulding grade prices were assessed at Euro 1945-1955/mt FD North West Europe levels, sharply lower by Euro (-150/mt) from last week. PP block copolymer grade prices were assessed at Euro 1985-1995/mt FD Northwest Europe levels, steeply decreased by Euro (-240/mt) from the previous week.
In the contract markets, PP injection moulding grade prices were assessed at Euro 2330-2335/mt FD NWE Germany and FD NWE France levels, both sharply higher by Euro (+130/mt) from last week. PP injection molding grade prices were assessed at Euro 2320-2325/mt FD NWE Italy levels, a spike of Euro (+130/mt) from the previous week. Meanwhile, PP injection moulding grade prices were assessed at GBP 2020-2025/mt FD NWE UK levels, week-on-week sharply higher by GBP (+110/mt).
PP block copolymer grade prices were assessed at Euro 2410-2415/mt FD NWE Germany and FD NWE France levels, both surged by Euro (+110/mt) from the previous week. PP block copolymer grade prices were assessed at Euro 2400-2405/mt FD NWE Italy levels, a steep week-on-week gain of Euro (+110/mt). Meanwhile, PP block copolymer grade prices were assessed at GBP 2090-2095/mt FD NWE UK levels, a spike of GBP (+90/mt) from last week.
In Antwerp, PP homopolymer prices were assessed at Euro 1930-1960/mt FCA levels, a tumble of Euro (-150/mt) from the previous week, while PP copolymer prices were assessed at Euro 1970-2000/mt FCA levels, a plunge of Euro (-240/mt) from last week.
Propylene feedstock spot prices were assessed at Euro 1575-1585/mt FD Northwest Europe levels, a steep drop of Euro (-205/mt) from last week.
