European PP Prices Decline Amid Weak Demand

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.

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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.

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