Polypropylene Europe

摘要

European polypropylene spot prices fell this week by Eur22/mt to close at Eur1,260/mt FD NWE Wednesday, as the effect of the propylene contract price fall continued to pull down PP prices. Buyers expected a price fall in the market, on the back of seasonally poor demand and solid availability of material arising from the absence of any production issues, which hampered trading activity. As a consequence, buyers were purchasing only what was needed, one trader said. In the contract market, prices were assessed Eur5/mt lower this week, closing at Eur1,422.5/mt FD NWE, with PP contract prices for September tracing the month-on-month fall in propylene. One producer said that he was yet to settle contracts and that he was resisting a decrease in line with the monomer.