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December hints at softening in European PP market

Nov. 27, 2018

In Europe, players started to voice their expectations for next month after concluding November deals with mostly rollovers despite initial hike attempts. Slight decreases were observed in the contract market of Northwest Europe. Approaching year-end, mounting monomer supplies as well as lower energy markets triggered softening expectations on part of most players. 


ChemOrbis Price Wizard data reveal that spot propylene prices on FD NWE basis have witnessed a cumulative decrease of 115/ton on weekly average since the downturn began in late September. Data also suggest that spot propylene prices have broken below the 1000/ton threshold for the first time since early May.


In Europe, players started to voice their expectations for next month after concluding November deals with mostly rollovers despite initial hike attempts. Slight decreases were observed in the contract market of Northwest Europe. Approaching year-end, mounting monomer supplies as well as lower energy markets triggered softening expectations on part of most players. 


ChemOrbis Price Wizard data reveal that spot propylene prices on FD NWE basis have witnessed a cumulative decrease of 115/ton on weekly average since the downturn began in late September. Data also suggest that spot propylene prices have broken below the 1000/ton threshold for the first time since early May.


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