Polyethylene, polypropylene and polyvinyl chloride prices in Europe have fallen amid a slowdown in buying coupled with the seasonal lull and expected January decrease in feedstock ethylene and propylene, sources said in Platts.
PVC spot prices were assessed at Eur 700/mt (US$826) FD NWE Wednesday, down Eur 10/mt on the week, This represented a three years low. European polypropylene spot prices slid Eur 10/mt to Eur 1,130/mt FD NWE for homopolymer and Eur 1,180/mt FD NWE for copolymer, new 19-month lows. European low density polyethylene spot prices fell to Eur 1,210/mt, a low since 14 May, 2013.
Converters in Europe and in export regions like Turkey, took to the sidelines on risk aversion due to the feedstock slide. Ethylene December contract price settled at Eur 1,010/mt FD NWE, down Eur 50/mt on the month on November 28. Propylene December CP settled on the same day at Eur 955/mt FD NWE, down Eur 60/mt on the month. Since then naphtha has fallen by about 20%, assessed on Wednesday at US$466.25/mt CIF NWE.
19-Dec-14 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}