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December PO range falls due to lower C3, spot values

LONDON(ICIS)--The European propylene oxide (PO) December contract price fell on both sides of the assessed range due to softer propylene values and a lack of consensus on spot trades, market sources said Friday.

While the market remains tight, the formula-link to propylene means prices on the low end fell by €48/tonne, or 80% of the €60/tonne propylene change.

The top end of the range, which has reflected spot trades in recent months, was softened by €100/tonne as conflicting views were expressed regarding the current spot prices.

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