Price and market trends: Europe plasticizer sellers meet resistance

11 October 2013 10:02  [Source: ICB]

The majority of European plasticizer producers are aiming for price stability in October, although they are encountering resistance from buyers, sources said on 2 October.

Producers that use propylene as a feedstock are hoping to improve their margins following the €40/tonne decrease in the October propylene contract.Most sellers were able to pass on only a portion of the combined €110/tonne rise in propylene costs for August and September.


One dioctyl phthalate (DOP) producer expects October price rollovers to be achievable in most cases but noted that this could be a challenge in some parts of southern Europe.

The producer experienced lower-than-expected offtake in September owing to loss of market share in Italy, where competitive activity has been particularly strong.

A second DOP producer is also seeking rollovers but indicated that it would be flexible in the face of possible price competition and a quiet market. The source emphasised that it is 
dissatisfied with its margins.

A dioctyl terephthalate (DOTP) producer had targeted rollovers for all accounts this month but said buyers have so far accepted a mixture of 
rollovers and decreases of 

Nevertheless, the source felt that demand has been improving after what it saw as a slightly disappointing September.

A DOTP producer acknowledged that it would be difficult to maintain stable prices in October, but said it would try to avoid conceding price reductions in excess of €10-15/tonne, as this would allow it to regain some margin.

The source noted that the market is oversupplied owing to the arrival of competitively priced Asian imports.

A dipropyl heptyl phthalate (DPHP) producer said that targeted October price increases of €10-20/tonne had largely been accepted by buyers. The seller said that demand is fair this month and was better than it had expected in September.


A buyer of DOP said it expects stable prices for October. A diisononyl phthalate (DINP) and DPHP buyer that is targeting cuts of €15-20/tonne said its demand is slightly down from September.

A buyer of DOTP in the UK said the prior week that it had accepted an October increase of £10/tonne (€12/tonne) from one supplier, while another was targeting plus £20/tonne.

In the Turkish market, a DOP and DINP producer said it would target rollovers for October. A DOP and DOTP producer also expected stable prices, citing good demand in addition to high energy and labour costs.

Spot prices were assessed by ICIS on 2 October at €1,550-1,580/tonne FD (free delivered) NWE (northwest Europe) for DOP, €1,570-1,610/tonne for DINP, €1,610-1,640/tonne FD NWE for DPHP, and €1,540-1,590/tonne FD NWE for 

By: Samuel Weatherlake
+44 20 8652 3214

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