An market source in Europe notified a Polymerupdate employee, “An unsure market outlook put in a bearish pressure on rates even as gamers concentrated on unloading their stockpiles in anticipation of a slow market momentum in the future. A weak purchase pulse integrated with an increase in competitively priced import freights from abroad providers even more forced rates downward.”
In the area markets, PP injection moulding grade rates were examined at the Euro 1005-1015/mt FD North West Europe mark, a sharp week on week drop of Euro (-40/mt), while PP block copolymer grade rates were examined at the Euro 1075-1085/mt FD Northwest Europe levels, a decrease of Euro (-40/mt) from the previous week.
In the agreement markets, PP injection moulding grade rates were examined at the Euro 1390-1395/mt FD NWE Germany and FD NWE France levels, both week on week greatly lower by Euro (-30/mt), while PP injection moulding grade rates were examined at the Euro 1380-1385/mt FD NWE Italy levels, a reduction of Euro (-30/mt) from recently. PP injection moulding grade rates were examined at the GBP 1195-1200/mt FD NWE UK levels, a week on week drop of GBP (-15/mt).
Meanwhile, PP block copolymer grade rates were examined at the Euro 1460-1465/mt FD NWE Germany and FD NWE France levels, both decreased by Euro (-30/mt) from recently, while PP block copolymer grade rates were examined at the Euro 1450-1455/mt FD NWE Italy levels, week on week lower by Euro (-30/mt). PP block copolymer grade rates were examined at the GBP 1255-1260/mt FD NWE UK levels, a fall of GBP (-15/mt) from recently.
FCA Antwerp PP homopolymer rates were examined at the Euro 990-1040/mt levels, week on week greatly down Euro (-40/mt). FCA Antwerp PP copolymer rates were examined at the Euro 1060-1090/mt levels, toppled by Euro (-40/mt) from recently.
Upstream propylene area rates on Thursday were examined at the Euro 490-500/mt FD Northwest Europe levels, a high week on week fall by Euro (-75/mt).
Propylene feedstock agreement cost for June settled at the Euro 1050/MT FD North West Europe levels. This cost represents a sharp drop of Euro 80/MT from its May settlement levels.
