On Monday, propylene prices remained stubbornly unchanged across major European and Asian markets, even as buyers stayed cautious and trading activity failed to heat up. An industry source in Europe, speaking on condition of anonymity, conveyed to the team that while buying interest in the region is consistent, it is not enough to push prices higher in the face of lingering market uncertainties.
In Northwest Europe (NWE), spot polymer-grade propylene concluded the day at EUR 770-780/mt FD NWE, exactly matching Friday’s levels. CIF NWE offers also sat in that same band, with no movement from the previous settlement. The stability reflects a market waiting for clearer demand signals, buyers are choosing to observe rather than commit aggressively.
Across Asia, prices were similarly unmoved. Propylene FO B Korea was assessed at USD 765-775/mt FOB Korea, steady with last Friday’s assessment. Despite supply remaining generally available and no major disruptions reported in production or logistics, downstream demand remains soft, and many converters appear content to rely on existing inventory or contractual agreements rather than chase spot opportunities.
This atmosphere of inertia suggests that both producers and buyers are in a holding pattern, with neither side willing to swing first. Producers may be reluctant to lower prices out of concern for margins and cost pressures, whereas buyers are hesitant to lock in volumes amid concerns about demand side weakness and economic headwinds.
Looking ahead, any change in this flat pricing paradigm will hinge on external catalysts: a shift in macroeconomic confidence, changes in raw material or energy costs, or downstream restocking actions. Until then, propylene prices are likely to continue their sideways drift in Europe and Asia as the market waits for its next cue.
