News Code : 43312

Petrotahlil :Producers’ initial attempts to avoid passing on all of their cost relief from the lower propylene contract fizzled out as the European market was flooded with special offers. Most suppliers offered a rebate of at least €80/t ($90), and even more for copolymers. Here, contract prices bounced back to the February level. In many contracts, compound prices moved in tandem with the indexed material. Demand slowly livened up, but only gained noticeable momentum after producers made concessions. 

The propylene reference contract for August trended firmer, but demand was not strong enough to move compound contract prices upward. Watchful buyers, anticipating a price rise in early autumn, could punctuate the summer lull. The market for compounds should remain quiet.

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