This week, Polypropylene prices in Europe witnessed sharp declines across spot assessments, while contract assessments largely held steady, with the exception of selective easing in the UK market.
An industry source in Europe, on condition of anonymity, informed a Polymerupdate team member, "The spot market came under significant pressure during the assessment period, with FD NWE and FCA Antwerp values softening sharply across both homopolymer and copolymer grades. Contract levels in France, Germany, and Italy remained flat, while the UK saw a marginal downward adjustment. The divergence between spot and contract assessments indicates that near-term sentiment remains cautious.”
In Europe, on the spot front, PP homopolymer grade prices were assessed at Euro 1745-1755/mt FD NWE levels, declining by Euro (-190/mt) week on week. PP homopolymer grade prices on FCA Antwerp basis were assessed at Euro 1730-1760/mt levels, moving lower, Euro (-190/mt) week on week. PP block copolymer grade prices were assessed at Euro 1815-1825/mt FD NWE levels, slipping, Euro (-190/mt) week on week. PP copolymer grade prices on FCA Antwerp basis were assessed at Euro 1800-1830/mt levels, easing by Euro (-190/mt) week on week.
On the contract front, PP injection grade prices were assessed at Euro 2400-2405/mt FD NWE France levels, rolled over from the previous week. PP injection grade prices in Germany were assessed at Euro 2400-2405/mt FD NWE Germany levels, holding steady from the prior assessment. PP injection grade prices in Italy were assessed at Euro 2390-2395/mt FD NWE Italy levels, remaining unchanged week on week. PP injection grade prices in the UK were assessed at GBP 2075-2080/mt FD NWE UK levels, edging lower, GBP (-5/mt) week on week.
PP block copolymer grade contract prices were assessed at Euro 2480-2485/mt FD NWE France levels, maintaining previous levels over the week. PP block copolymer grade contract prices in Germany were assessed at Euro 2480-2485/mt FD NWE Germany levels, holding flat week on week. PP block copolymer grade contract prices in Italy were assessed at Euro 2470-2475/mt FD NWE Italy levels, stable compared to the previous week. PP block copolymer grade contract prices in the UK were assessed at GBP 2145-2150/mt FD NWE UK levels, softening, GBP (-5/mt) week on week.
The pronounced weakness across spot assessments, alongside steady contract levels in continental Europe, indicates that buyers remained selective in their procurement during the week. The uniform decline of Euro 190/mt across spot homopolymer and copolymer assessments points to broader downward pressure on the spot market, while the rollover in contract pricing across France, Germany, and Italy suggests that contractual benchmarks have yet to reflect the softer spot tone. The marginal easing in UK contract levels reflects selective pricing pressure in that 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.
