06 November 2013 15:39 [Source: ICIS news]
LONDON (ICIS)--A week after the monthly propylene contract price was settled, the consensus in the European flexible polyols market is that November prices are stable to firmer with rollovers and slight increases expected, sources said on Wednesday.
Despite the feedstock price dropping by €30/tonne ($41/tonne), flexible polyols prices were quoted mainly as rollovers with selective increases of up to €30/tonne.
One buyer said its prices were stable to softer but this was largely seen as an exception.
November demand in the northwest European bedding and furniture sectors was reported to be strong overall, although some sources said November ordering is slightly weaker than October.
Availability is tight amid talks of upstream propylene oxide (PO) constraints caused by a maintenance shutdown of the Dow/BASF PO plant in Antwerp, Belgium. However, this has not been officially confirmed by either company.
December ordering is expected to taper off due to public holidays at the end of the year but prices will also depend on the next propylene settlement expected at the end of this month.
The current ICIS price range remains representative of October business, pending further market feedback.
($1 = €0.74)
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