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.
Use ICIS information to:
- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- 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
We offer the following regional Propylene coverage to keep you informed of factors and developments affecting prices in the Europe Propylene marketplace.
Price Reporting – More information about the price reports we publish on Propylene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Propylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2014
European propylene supply was better aligned with demand in the third quarter compared with the very lengthy situation seen in the second quarter.
This is because relatively healthy demand, a couple of exports and some preparations to cover seasonal maintenance helped mitigate the effects of the unplanned derivative issues which had impacted on the market previously.
As the market’s balance improved so spot polymer grade propylene (PGP) discounts to the contract price (CP) weakened, moving from 7-8% through to 4% at the time of writing.
Following the €15/tonne increase in the July contract price (CP) to €1,175/tonne FD (free delivered) NWE (northwest Europe), the August CP settled down by €20/tonne. A much weaker upstream market through the second half of August pushed the September CP down by €50/tonne to €1,105/tonne FD NWE – the lowest CP since November 2013.
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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Propylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.