This week, PP prices in Europe came under pressure, with spot homopolymer and copolymer assessments posting sharp declines while contract levels also softened across key markets.
An industry source in Europe, on condition of anonymity, informed a Polymerupdate team member, "European polypropylene prices declined sharply as plentiful product availability and sluggish downstream demand continued to pressure the market. Spot market activity remained subdued throughout the week, with converters delaying purchases ahead of the seasonal summer slowdown and limiting procurement to essential requirements despite increasingly competitive supplier offers. Ample supplies of both domestic and imported material kept the market well supplied, intensifying competition among sellers and prompting some to offer deeper discounts to secure business."
"While a few producers held firm on their offer levels, the lack of buying interest prevented any meaningful improvement in trading momentum. Lower-priced offers also failed to encourage additional purchasing, as converters maintained a cautious wait-and-see approach. Market participants continued to monitor developments in the Middle East for their potential influence on feedstock costs. However, soft consumption, the seasonal slowdown, comfortable inventory levels, and abundant product availability continued to outweigh any cost-side support. As a result, overall market sentiment remained bearish, with polypropylene prices expected to stay under pressure unless downstream demand shows a meaningful recovery."
In Europe, PP homopolymer grade spot prices were assessed at Euro 1095-1105/mt FD NWE levels, declining, Euro (-150/mt) week on week. PP homopolymer grade spot prices were assessed at Euro 1080-1110/mt FCA Antwerp levels, moving lower, Euro (-150/mt) from the previous week.
PP block copolymer grade spot prices were assessed at Euro 1195-1205/mt FD NWE levels, easing, Euro (-150/mt) week on week. PP copolymer grade spot prices were assessed at Euro 1180-1210/mt FCA Antwerp levels, softening, Euro (-150/mt) compared to the prior week.
On the contract side, PP injection grade prices were assessed at Euro 2000-2005/mt FD NWE France levels, declining, Euro (-50/mt) week on week. PP injection grade prices were assessed at Euro 2000-2005/mt FD NWE Germany levels, moving lower, Euro (-50/mt) from the previous week. PP injection grade prices were assessed at Euro 1990-1995/mt FD NWE Italy levels, edging lower, Euro (-50/mt) compared to the prior week. PP injection grade prices were assessed at GBP 1695-1700/mt FD NWE UK levels, softening, GBP (-55/mt) week on week.
PP block copolymer grade contract prices were assessed at Euro 2080-2085/mt FD NWE France levels, easing, Euro (-50/mt) week on week. PP block copolymer grade contract prices were assessed at Euro 2080-2085/mt FD NWE Germany levels, declining, Euro (-50/mt) from the previous week. PP block copolymer grade contract prices were assessed at Euro 2070-2075/mt FD NWE Italy levels, moving lower, Euro (-50/mt) compared to the prior week. PP block copolymer grade contract prices were assessed at GBP 1765-1770/mt FD NWE UK levels, edging lower, GBP (-50/mt) week on week.
Propylene prices on a CIF NWE basis were assessed at Euro 920-930/mt levels, a steep rise of Euro (+45/mt) from the previous week. Propylene prices on an FD NWE basis were assessed at Euro 890-900/mt FD Northwest Europe levels, a week-on-week up by Euro (+20/mt).
Meanwhile, the July 2026 European propylene contract settled at Euro 1365/mt FD Northwest Europe levels, sharply lower by Euro (-190/mt) from the June 2026 settlement, reflecting lower monthly contract pricing despite the recent strength in the spot market.
This news synopsis and insights are generated using Polymerupdate’s advanced Artificial Intelligence (AI) systems, leveraging proprietary data, pricing benchmarks, and domain expertise. The content is intended for informational purposes only and does not represent the official views of Polymerupdate. Users are advised to conduct their own independent research before making any commercial or business decisions.
