FACTBOX: Commodity markets affected by European petrochemical contract negotiations

S&P Global Platts | Jul 2, 2020 at 2:15 PM
  • The European petrochemical markets have seen a largely muted week as contract negotiations, particularly for ethylene and propylene on the olefins side, extended into July.
  • — The ABS market remains steady as producers await upstream CP settlements.
  • — European acetone spot market prices have been rising, picking up 17% week on week June 30, supported by the higher feedstock propylene contract settlement and exports, amid higher prices overseas.