On Tuesday, European propylene prices remained unchanged, with both spot polymer grade and CIF Northwest Europe (NWE) levels assessed at €750–760/mt FD NWE, showing no movement from Monday. According to a confidential industry source, this stability reflects abundant supply and conservative buying behavior: “Purchasers stayed wary, restricting acquisitions to urgent necessities … Many opted to observe short‑ to mid‑term market fundamentals prior to adding more volumes.”
Market participants are exercising restraint amid prevailing uncertainties, maintaining a “wait‑and‑see” posture as sentiment remains cautious across the region.
In Asia, the tone was equally muted. Propylene prices in Korea held steady at USD 725–735/mt FOB Korea, unchanged from the prior day.
The parallel downturn in buyer engagement across Europe and Asia underscores a broader global backdrop of subdued demand and ample supply. While upstream feedstock propylene fundamentals remain stable, weak downstream sentiment and slow trading activity suggest markets are waiting for clearer signals before committing.
