European Propylene: Mixed sentiment continues- Optimism in the midst of easing energy prices- Fundamental changes not expected until Q3In the week ending March 17, European
propylene markets continued to be dominated by sluggish fundamentals, despite
participants noting some support for easing energy prices and higher costs in
the American market. Market
players' uncertainty exacerbated these dynamics and reduced any hope of
fundamental changes until Q3. This
uncertainty was evident in spot pricing, with little change in discount levels
across both the chemical and polymer grades markets. The FD NWE Polymer Grade Propylene 3- to 30-day forward spot
price at Eur931/mt February 17, down Eur6.50/mt and Eur18.50/mt for the week. The market's buyer appetite was generally weak, and the
value chain was impacted by the length of the macroeconomic crisis. Despite this, there was some transaction...