09 November 2011 23:59 [Source: ICIS news]
LONDON (ICIS)--European polyol contract prices fell in November because of stable-to-lower demand and pressure from cheaper propylene feedstock, market players said on Wednesday.
Standard flexible polyol prices were mainly confirmed down by €10–20/tonne ($14–28/tonne), taking values to €1,730–1,780/tonne FD (free delivered) NWE (northwest Europe), according to ICIS.
Numbers above and below the range were heard in a few cases, but they were not widely confirmed in the market. Some rollovers for standard flexible polyols were also heard but they were not seen to reflect the general market trend.
Demand continues to hold up fairly well, although some slight softening is now reported because of general macroeconomic concerns.
Players said that recent supply constraints, for at least a few producers, had little or no impact on price ideas. The market remains largely balanced, despite any supply difficulties, because of some evidence of weaker demand.
For sucrose-based rigid polyols, price settlements for November are mixed between rollovers and decreases of €10–20/tonne.
This is because lower demand from the downstream construction sector is being weighed against a limited supply situation.
Although few players are prepared to disclose actual prices, there are some indications that numbers are still just about in the €1,900s/tonne FD NWE.
The final price range has been edged down by an average €10/tonne to reflect the bulk of commentary for November, taking values to €1,910–1,960/tonne FD NWE.
($1 = €0.72)
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