This week, Polypropylene prices in Europe witnessed mixed trends, with spot assessments coming under pressure across grades while contract assessments in most countries moved higher.
An industry source in Europe, on condition of anonymity, informed a Polymerupdate team member, "The market is in a complex phase, with spot values softening as buyers remain cautious across homopolymer and block copolymer grades. Contract settlements in France, Germany, and Italy are rising. Offers of Chinese-origin material have emerged, but doubts over their ability to offset reduced imports have weighed on sentiment. Despite easing spot values, most contract benchmarks are moving higher as producers push for increased settlements.”
In Europe, on the spot front, PP homopolymer grade prices were assessed at Euro 1935-1945/mt FD NWE levels, softening, Euro (-50/mt) week on week. PP block copolymer grade prices on FD NWE basis were assessed at Euro 2005-2015/mt, moving lower, Euro (-40/mt) from the previous week.
On the contract front, PP injection grade prices in France and Germany were assessed at Euro 2400-2405/mt FD NWE levels, firming, Euro (+30/mt) week on week. In Italy, PP injection grade contract prices were assessed at Euro 2390-2395/mt FD NWE levels, gaining, Euro (+30/mt) from the prior week. In the UK, PP injection grade contract prices were assessed at GBP 2080-2085/mt FD NWE UK levels, increasing, GBP (+35/mt) compared to the previous week.
For contract, PP block copolymer grade prices in France and Germany were assessed at Euro 2480-2485/mt FD NWE levels, rising, Euro (+30/mt) week on week. In Italy, PP block copolymer grade contract prices were assessed at Euro 2470-2475/mt FD NWE levels, gaining, Euro (+30/mt) compared to the prior week. In the UK, PP block copolymer grade contract prices were assessed at GBP 2150-2155/mt FD NWE UK levels, higher by GBP (+35/mt) from the previous week.
PP homopolymer grade prices on FCA Antwerp basis were assessed at Euro 1920-1950/mt, declining, Euro (-50/mt) compared to the prior week. PP copolymer grade prices were assessed at Euro 1990-2020/mt FCA Antwerp levels, easing, Euro (-40/mt) week on week.
Propylene feedstock assessments in Northwest Europe showed a softer tone during the week. Propylene CIF NWE values were assessed at Euro 1695-1705/mt, easing, Euro (-30/mt) week on week, while Propylene FD NWE was assessed at Euro 1710-1720/mt, declining, Euro (-30/mt) week on week.
