Platts corrects European polypropylene rationale for July 17

Platts, part of S&P Global Commodity Insights, has corrected the European polypropylene rationale for July 17 and added detail to sentences referring to contract price assessments, in order to provide further clarity.

The corrected rationale reads as follows:

Platts assessed the homo injection-grade polypropylene spot price at Eur1,200/mt July 17, down Eur10/mt on the day and stable on the week, above a converter indication at Eur1,150-1,180/mt, in line with a trader corroboration at Eur1,200/mt, and below producer indications at Eur1,210-1,300/mt, considering ongoing weak buyer appetite and healthy supply.

The FD Germany freely negotiated gross contract price for homo injection-grade PP was assessed at Eur1,510/mt, up Eur10/mt on the week and up Eur10/mt from the end of June, below a producer indication at Eur1,520/mt and above a converter corroboration at Eur1,500/mt, pending further confirmation of contract settlements.

FD NWE copolymer PP spot price was assessed unchanged on the week at Eur1,270/mt, below a producer indication at around Eur1,300/mt, above a trader deal at Eur1,260/mt, considering feedback from a converter of premiums to homopolymer injection at Eur50-100/mt.

FD Germany freely negotiated gross contract price for copolymer grade PP was assessed at Eur1,570/mt, unchanged on the week and from the end of June, below a producer indication at Eur1,590/mt, narrowing the premium to Homo injection PP contract prices, within an indication from a converter of a Eur50-100/mt premium to homopolymer injection, in the direction of an earlier indication of premiums at Eur30-50/mt, pending further confirmation of contract settlements.