Propylene Prices, markets & analysis
Stay abreast of the regional Propylene markets that matter to you.
From pricing information to the analysis you need to understand it, ICIS coverage of regional Propylene markets is second to none.
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- Follow price drivers and fluctuations
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- Determine settlement and contract terms
Propylene Europe Transcript
The ICIS European propylene report is a benchmark report, which means that the prices that we publish are widely referenced in industry contracts.
We cover the contract market, which is a monthly market, and we cover that on a free delivered northwest European basis. This is an industry-agreed price, which means that key producers and key consumers exchange price ideas, and negotiate a new settlement in the last week of every month.
We also cover the spot market both on the chemical grade sector and in the polymer grade sector. We cover prices on an inland basis; on a free delivered (FD) northwest European (NWE) basis; and in the deep-sea market on cost, insurance & freight (CIF) coastal basis.
Market fundamentals such as supply, production issues both planned and unplanned and demand derivatives on the derivative markets downstream are all covered on a weekly basis in the report.
Propylene news and market information products from ICIS
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Updated to Q1 2015
European propylene supply and demand were balanced-to-tight throughout the first quarter of 2015.
Refinery and propane dehydrogenation maintenance outages from the start of the year meant that supply was constrained while the weak euro helped derivative competitiveness – with even the laggard derivatives finally seeing some market improvement by the latter part of February.
The January contract price (CP) had settled down by €120/tonne on the basis of upstream declines and fell a further €80/tonne into February. Spot polymer grade propylene (PGP) prices traded at 8-9% under the prevailing CP, while chemical grade propylene (CGP) was exported to the US because it provided a better netback than Europe.
The March CP increased by €105/tonne as upstream crude oil and naphtha prices increased, while the euro weakened further against the dollar, stimulating demand. Spot availability was especially limited at the coast, and both PGP and CGP spot prices rose, closer to CP flat in the case of the latter or a small premium in the case of the former.
The April CP discussions were ongoing at the time of writing but an increase was widely expected.
The ICIS European propylene report is a benchmark report, which means the prices published are widely referenced in industry contracts. We cover the contract market, which is a monthly market, on a free delivered (FD) northwest Europe (NWE) basis.
This is an industry agreed price, meaning that key producers and key consumers can exchange price ideas and negotiate a new settlement in the last week of every month.
ICIS covers the spot market, both on the chemical grade sector and the polymer grade sector. Additionally, we cover prices on an inland basis, on a free delivered (FD) northwest European (NWE) basis and in the deep-sea market on a cost, insurance & freight (CIF) coastal basis.
Market fundamentals, such as supply-demand developments and production issues, both planned and unplanned, in the derivative markets downstream are all covered on a weekly basis in the report.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
General Propylene Methodology Consultation read more >
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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