Supply conditions in Europe remain good. All companies are currently producing their products at full capacity and continue to run their facilities normally with no Extended Shutdowns or Unforeseen Outages reported. While the combination of constant production and lower sales has kept large amounts of PO available to customers, this also prevents producers from increasing their Prices.
Feedstock Propylene pricing continues to decrease due to high supply and lower upstream crude oil. Since the beginning of the year xxxx, the Global Price of Crude oil has fallen by over xxx due to concerns about Over-Supply and Slower Economic Growth. Additionally – as per the IEA data, during the week ending December xx, xxxx, propylene inventories increased x.x million barrels from last week and are about xxx above the five year average for this time of year, this is increasing the feedstock inventory and...
