Propylene Oxide prices in Europe remained Flat due to weak propylene prices as well as plant outages throughout the month of August. The prices of Propylene Oxide have been trailing by a week for propylene and three weeks by Naphtha deliveries. Upstream markets have been gaining as Naphtha prices started their ascension in the middle of the week. Downstream Polyol markets have stabilized after four weeks of downward revision due to higher production output. As inventory levels have also surged, LYB announced maintenance at their cracker Units in Europe, to affect feedstock propylene production. End-use markets of construction and cosmetics have remained buoyant allowing moderate consumption with pace gradually improving as LYB in their Qx guidance expects gains in volumes both YoY as well as QoQ basis. Prices of Propylene Oxide FOB Hamburg were assessed around USD xxxx/MT in the week ending on xxrd August xxxx.
