European PP Prices Decline Amid Weak Demand
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PP prices have dropped in Europe, with spot prices for polypropylene continuing to decline due to a generally negative market outlook. Demand has decreased because many consumers already have plenty of stock, so they don't need to buy more.
Polymer Price
- PP Raffia (±0) Rs.92.50/kg levels Ex Godown
- PP Film (±0) Rs.100/kg levels Ex Godown
- PPCP (±0) Rs.98.25/kg levels Ex Godown
- PP Lamination (±0) Rs.104/kg levels Ex Godown
- LLDPE (±0) Rs.86.5/kg Ex Mundra/Bhiwandi
- LDPE prices are around (±0) Rs.116/kg Ex Mundra/Bhiwandi
- HDPE PE100 natural (±0) Rs.91.5/kg Ex Mundra/Bhiwandi
- HDPE PE100 black (±0) Rs.92/kg Ex Mundra/Bhiwandi
- HDPE HM (±0) Rs.91/kg Ex Mundra/Bhiwandi
- HD Blow Molding (±0) Rs.91/kg Ex Mundra/Bhiwandi
- Low K (P700/TH700/B57) Rs.85.50 Ex Nhava Sheva/Mundra
- LG LS100H Rs.75.75 Ex Mundra/Bhiwandi
Polymer Demand and Supply
- PP prices have dropped in Europe, with spot prices for polypropylene continuing to decline due to a generally negative market outlook.
- Demand has decreased because many consumers already have plenty of stock, so they don't need to buy more.
- After making early purchases in August and with some refineries and crackers undergoing maintenance, many believe prices have reached their lowest point.
Polymer News
- Polyvinyl chloride (PVC) export prices rise in the United States.
- Polypropylene (PP) prices are trending downward in Europe.
- INEOS Oxide plans to shut down its oxo-alcohols plant for a turnaround.
Expert Opinion
Overall demand fundamentals have been weak, and market sentiment did not rally in September as expected. Spot activity has been largely sluggish, with consumers choosing to make need-based purchases.
Daily Market Report
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