Propylene Oxide prices show modest recovery in the third week of July while the overall sentiment cumulatively remained bearish in Europe throughout the month. This is reflected in the flash PMI recording a drop of x.x points in July over June values. The drop was more prominent for manufacturing sector. Moreover, the major price fluctuations throughout the spot markets for Propylene Oxide reflected a general movement along the upstream propylene prices. The propylene prices remained subdued and fell from CIF Germany USD xxx/MT to USD xxx/MT in the given month amidst weakness in European markets and high stocks availability. Propylene Oxide downstream Polyether Polyols prices continue to follow bearish trend. However, the upstream propylene prices began their recovery in the third week as newer quotations for Germany bound deliveries from US or Saudi showed upward price movements. Propylene Oxide prices henceforth were revised upwards indicating higher...
