Europe plasticizer sellers look for increase on back of propylene

07 October 2016 10:42 Source:ICIS News

LONDON (ICIS)--European sellers of plasticizers are looking to increase prices in October due to the higher propylene costs, sources said on Friday.

The increase in propylene for October of €35/tonne, has resulted in sellers looking to recover between €15-30/tonne, depending on the grade.

One supplier confirmed plus €15/tonne was being offered in October for all grades; dioctyl phthalate (DOP), diisononyl phthalate (DINP), dioctyl terephthalate (DOTP) and dipropyl heptyl phthalate (DPHP).

Others confirmed DOP, the smaller plasticizer market in Europe, was being offered at plus €15/tonne. However, larger moves of plus €30/tonne were also heard for DINP, though some felt this could be on the high side and attributed it to possible supply constraints.

An outcome is expected next week.

By Jane Massingham