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.more >>
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.” more
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