Price and market trends: Little change anticipated for Europe June plasticizer prices

06 June 2014 10:07 Source:ICIS Chemical Business

Participants in the European plasticizers market were waiting for the settlement of the June propylene contract price on 28 May, but did not anticipate any major changes for June in their own markets. The propylene contract was concluded on 28 May afternoon at €1,160/tonne FD (free delivered) NWE (northwest Europe), up by €10/tonne from May.

Availability of plasticizers remains good, with sources having previously indicated that offtake is below seasonal expectations. The second quarter is usually a high-demand period, but this has not been the case this year. Prices have also come under pressure from competitively priced Turkish and Asian imports.

A buyer of diisononyl phthalate (DINP) and dipropyl heptyl phthalate (DPHP) said it saw no significant improvement in demand this month, but was expecting a stronger picture to emerge in June. A consumer of dioctyl phthalate (DOP) and dioctyl terephthalate (DOTP) said demand is quite high and there are no supply issues.

A DOTP producer said it expects its June to roll over. Demand was rather low this month, it added, but should be marginally better in June. A DOP producer said the situation is very difficult, with consumers insisting that prices must be reduced next month to reflect price movement on DINP.

By Samuel Weatherlake