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Propylene Oxide's January Contract Price Remains Unaltered in Europe
Propylene Oxide's January Contract Price Remains Unaltered in Europe

Propylene Oxide's January Contract Price Remains Unaltered in Europe

  • 08-Jan-2024 7:57 PM
  • Journalist: Yage Kwon

The contract price for propylene oxide in Europe for January deliveries has been settled within the range of EUR2,000 to EUR2,100 per tonne, maintaining consistency with the pricing observed in December. This contractual agreement is based on Free Delivered Northwest Europe (FD NWE) terms, indicating that the deliveries are directed towards North-West Europe.

Comparing the January contract price with the preceding month, the contract price for propylene in December was established at EUR1,050 per tonne. Notably, this figure represents a decrease of EUR30 per tonne in comparison to the propylene contract price observed in November.

In the preceding month, the contract price for propylene oxide, specifically for December deliveries in Europe, was determined to be within the range of EUR2,000 to EUR2,100 per tonne. This signified a reduction of EUR24 per tonne from the pricing structure witnessed in November.

The stability in the January contract price for propylene oxide echoes the continuity in pricing levels from the preceding month. The agreement within the range of EUR2,000 to EUR2,100 per tonne indicates a mutual understanding and acceptance within the market, aligning with the price dynamics of December.

Analyzing the broader context, the contract price for propylene in Europe during December was notably lower than the corresponding pricing in November. The decrease of EUR30 per tonne in December, compared to November, reflects an adjustment in market dynamics or factors influencing the cost structure during that period.

Specifically focusing on propylene oxide, the pricing for December deliveries maintained a similar range of EUR2,000 to EUR2,100 per tonne, showcasing a reduction of EUR24 per tonne compared to November. This shift in pricing may be attributed to various market influences, including supply and demand dynamics, raw material costs, and broader economic factors impacting the industry.

The contract pricing mechanism plays a crucial role in establishing stability and predictability within the market. Market participants, including producers, suppliers, and consumers, closely monitor these contract prices as they set the tone for transactions and agreements within the specified time frame.

The adherence to FD NWE terms further delineates the geographical scope of these contract agreements, emphasizing deliveries directed to North-West Europe. This geographical specificity adds a layer of transparency to the contract terms, ensuring clarity for all stakeholders involved in the transactions.

As the industry progresses into the new year, the consistency in contract prices from December to January provides a foundation for market participants to plan and strategize their activities. While the specific factors influencing the contract prices may vary, the overall stability within the range of EUR2,000 to EUR2,100 per tonne reflects a balanced market environment.

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