Propylene markets in Europe weakened on Wednesday, with both CIF NWE and spot polymer-grade prices retreating amid sluggish demand and growing inventory pressure. CIF NWE prices dropped by €20/ton, settling at €720–730/mt, while spot polymer-grade propylene also fell to €710–720/mt FD NWE, reflecting buyer caution and oversupply ([turn0search0]).
Market sources noted that weak fundamentals diminished downstream consumption and ample supply, have buyers pulling back. In response, some producers are throttling output and managing inventory levels in hopes of restoring balance and supporting pricing recovery.
Meanwhile, Asia’s markets showed similar softness. FOB Korea propylene prices declined by USD 10/mt to USD 725–735/mt, while CFR China levels remained steady at USD 765–775/mt day-over-day. The Korea price drop reflects continued bearish sentiment amid tepid demand conditions in the region ([turn0search3]).
The coordinated dip across regions underscores a broader trend: producers and buyers alike are acting defensively amid uncertain economic signals and limited restocking activity. Emerging uncertainty in demand recovery could further weigh on propylene pricing unless supply constraints or clearer demand drivers emerge.
