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PS spot prices gallop higher in Europe

Petrochemical industry | 01 Oct 2021 14:30 IST | Polymerupdate.com

This week, spot PS prices bolstered higher in Europe. The sharp price rise was prompted by stronger upstream SM spot values coupled with bullish demand trends in the region.

Reports of constrained product avails also contributed to the price gain.

Upstream SM spot prices were at the USD 1285-1290/mt FOB Rotterdam levels, a sharp week on week gain of USD (+30/mt).

In the spot markets, GPPS prices were assessed at the Euro 1645-1655/mt FD North West Europe mark, a week on week surge of Euro (+65/mt). HIPS prices were assessed at the Euro 1730-1740/mt FD North West Europe mark, a week on week spike of Euro (+45/mt). EPS prices were assessed at the Euro 2065-2070/mt FD North West Europe levels, a rise of Euro (+30/mt) from last week.

In the contract markets, GPPS prices were assessed at the Euro 1600-1605/mt FD North West Europe and FD Italy levels, HIPS prices were at the Euro 1720-1725/mt FD North West Europe and FD Italy levels, both unchanged week on week. EPS prices were assessed steady at the Euro 2355-2360/mt FD North West Europe mark.

Feedstock SM barge contract price for September settled at the Euro 1286/mt mark. This price represents a steep fall of Euro (-91/mt) from its August settlement levels.
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