European polyethylene and polypropylene spot markets are continuing to shrug off disruption to supply caused by strikes in France, amid comfortable inventories, as per sources in Platts. Ineos and Total have declared force majeure on PE and PP supplies from France as a result of the ongoing strikes, now well into their second week.
Propylene and ethylene contract prices for June settled at Eur652.50/mt (US$728/mt) FD NWE and Eur935/mt, respectively last week, up Eur17.50/mt and Eur25/mt month on month.
European PP spot prices were assessed Tuesday at Eur1050/mt FD NWE, the lowest since early April. LDPE spot prices were assessed at Eur1340/mt FD NWE, a continued low since April. Sources said imports had also boosted supply in Europe. For instance, EU imports of PE in Q1 were up more than 50% year on year.
02-Jun-16 
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