Propylene prices in Europe remained unchanged on Tuesday, with both spot and CIF NWE levels holding steady amid a stable supply backdrop and cautious buyer behavior.
A regional industry source, speaking on condition of anonymity, noted that the European propylene market maintained price stability due to ample material availability. Buyers continued to purchase only essential volumes, steering clear of inventory buildup, and preferred to monitor evolving market fundamentals before engaging further.
Polymer-grade spot propylene was assessed at €730–740/mt FD NWE, consistent with Monday’s levels. Similarly, CIF NWE propylene prices held firm at €740–750/mt.
Elsewhere in Asia, propylene prices also remained flat. FOB Korea levels were pegged at USD 735–745/mt, unchanged from Monday, echoing the same steady tone seen in Asia.
The European market’s benign pricing environment reflects the global trend of subdued downstream demand and logistical stability. Despite persistent macroeconomic uncertainties, a combination of restrained buyer activity and inventory discipline helped maintain a balanced outlook.
This equilibrium is consistent with broader signals across the polymer space. Earlier reports highlighted extended import channels supporting supply, while reduced producer run rates limited distortion from oversupply swings, keeping the propylene market largely in check..
Further volatility is expected only if demand picks up significantly or unexpected disruptions in key production hubs emerge.
