13 November 2013 23:59 [Source: ICIS news]
LONDON(ICIS)--European flexible polyols contract prices rolled over in November despite the price of propylene fell by €30/tonne ($41/tonne) supported by reasonable demand and balanced-to-tight supply, sources said on Wednesday.
There was, however, discrepancy between delta movements - the price movement - and absolute numbers quoted. The absolute numbers were the main consideration and those quoted remained largely within the assessed range.
While demand was heard to be reasonable, availability of polyols and upstream propylene oxide (PO) is becoming increasingly limited due to ongoing maintenance shutdowns at sites such as the Dow/BASF hydrogen peroxide to propylene oxide (HPPO) plant in Antwerp, Belgium.
Numbers as low as €1,700/tonne were heard but could not be widely confirmed.
The ICIS price range remains unchanged from October to November at €1,760-1,830/tonne FD.
($1 = €0.74)
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