Polypropylene prices plunge in Europe to lowest level in 20 months

摘要

Polypropylene (PP) prices in Europe are under downward pressure after November propylene contract price were fully settled at ?1013/ton FD NWE, down by ?55/ ton from October settlement of the November propylene contract price, as per ICIS. On a spot basis, net hbmdpolymer injection PP prices are trading below ?1100/ton FD NWE in some cases. The last time this level was reached was in March 2010. Monthly pricing on a gross basis is how reported at ?1245/ton FD NWE where the ?55/ton decrease has been applied. This price is subject to discounts.