- Participants compare spot- and contractual market
dynamics- concludes the First European
Petrochemical Luncheon in 2023



In the week leading up to March 15, uncertainty
and illiquidity dominated Europe's polypropylene market. Participants continued
to offer mixed views. Market participants noted stronger results.The
year saw a higher level of demand than in previous years, which fulfilled
expectations for seasonal rises in demand in late Q1. The market's disconnect between spot and
contract pricing continued. According to data, spot pricing for homopolymer
material and copolymer material stood at Eur300-310/mt/mt respectively. This
was in line with expectations for seasonal increases in demand in late Q1. The market
for key polypropylene-based feedstock propylene players met throughout the
week. However, the general mood at the conference uncertain due to weak
derivative demand.