Europe polyols early September contracts contain mixed price directions

06 September 2017 17:05 Source:ICIS News

LONDON (ICIS)--A mixture of price directions have been revealed by participants involved in initial September Europe polyols contract discussions this week.

Most sources mentioned that they agreed rollovers in September contract negotiations, so far, although decreases of €20/tonne and increases of €20-30/tonne have also been divulged.

Any change in price in September would move from the assessed August polyols contract price of €1,700-1,785/tonne FD (free delivered) NWE (northwest Europe).

It has been said by a buyer that, following repeated prices increases earlier in the year, polyols suppliers have reached satisfactory margins.

Therefore, the firmer September settlement for upstream propylene will not necessarily push Europe polyols prices up.

Flat polyols prices are also supported by what is said to be balanced supply.

Polyols are often reacted with isocyanates to make polyurethanes, which are used to make mattresses, foam insulation for appliances (refrigerators and freezers), home and automotive seats, elastomeric shoe soles, fibres and adhesives.


 

By Pavle Popovic