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Indicative price brief for Propylene Oxide - Europe. Methodology: trade publications, broker reports, and industry sources reviewed by Nexchem. This is directional intelligence, not a regulated benchmark assessment.

NXP-SC-062 Specialty Chemicals Europe Europe - delivered basis Updated June 2026

Propylene Oxide - Europe
Price Intelligence Report

European propylene oxide technical grade delivered pricing. Propylene feedstock cost from Hormuz-linked naphtha elevation, BASF and Covestro HPPO and chlorohydrin route capacity analysis, polyurethane polyol and propylene glycol derivative demand, and 3-scenario price outlook. Published monthly.

European propylene oxide is the specialty chemical where propylene feedstock cost elevation from Hormuz-linked naphtha increases flows most directly and most proportionally - PO is produced by propylene oxidation routes where propylene is the sole primary raw material variable, and the EUR 56 per metric tonne year on year increase in NWE propylene explains approximately EUR 84 per metric tonne of the EUR 128 per metric tonne year on year PO price increase through a fixed propylene-to-PO yield ratio.

Europe - Technical Grade Delivered
EUR 1,748/MT
Europe · Technical Grade · Delivered · June 2026
▲ +EUR 128 (+7.9% vs June 2025)
MT / (Jan 2026)12-Month RangeEUR 1,832/ (Sep 2025)
12-Month High
EUR 1,832/
Sep 2025
12-Month Low
MT /
Jan 2026
Annual Subscription
USD 4,900
USD 408/mo equiv · 17% saving
Used by
🏢Corporate strategy and procurement teams
💼Private equity and venture capital investors
🔬Chemical and materials R&D teams
📊Management and strategy consultants
🏦Investment banking and M&A advisory
Report Contents - 9 Sections~14 pages · PDF + Excel
01
Market Metrics
Current spot price, 12-month high and low, year on year change, and the key spread indicator - feedstock or conversion margin - that drives near-term pricing direction
02
Price by Grade
Full grade-level price table covering all commercial grades with Q2 2026 versus Q2 2025 comparison, direction indicator, and basis notation
Full data in paid report
03
Supply and Demand
Regional supply and demand balance for 2024 actual, 2025 estimated, and 2026 to 2027 forecast - production volumes, import dependency by origin, operating rates, and key capacity events
Full data in paid report
04
Capacity Atlas
Site-level producer table covering company, facility location, nameplate capacity in KT per year, production technology, current operating status, and analyst notes on reliability and qualification risk
Full data in paid report
05
Trade Flows
Import and export volume data by origin and destination with Hormuz disruption risk rating, vessel transit times, and freight cost comparison across supply routes
Full data in paid report
06
Margin Analysis
Feedstock cost and gross margin decomposition by production route - NWE naphtha versus Middle East ethane versus USGC ethane versus Chinese coal - with sensitivity table
Full data in paid report
07
Price Drivers
3 to 4 named drivers ranked by near-term price impact with quantified supply or cost effect per driver, driver-specific timeline, and risk rating
Full data in paid report
08
Forward Scenarios
Bull, Base, and Bear price ranges for Q3 2026, Q4 2026, and Q1 2027 with probability weighting, key assumptions, scenario trigger events, and a procurement recommendation for each case
Full data in paid report
09
Analyst Perspectives
Nexchem Intelligence analyst field intelligence on supply shortages, alternative source qualification timelines, geopolitical friction, and pricing pressure specific to this market
Full data in paid report
Active Supply and Market Alerts2 Active Alerts
MEDIUM
Propylene Feedstock Elevation - Hormuz Naphtha Cost Chain Impact - NWE propylene at EUR 768 per metric tonne is elevated by Hormuz-related naphtha cost increases. PO production requires approximately 1.02 MT propylene per MT PO via the HPPO hydrogen peroxide route or chlorohydrin route, meaning the EUR 56 per metric tonne year on year propylene increase adds approximately EUR 57 per metric tonne to PO production cost - the primary feedstock driver of the EUR 128 per metric tonne price increase.
INFO
BASF HPPO Antwerp - Hydrogen Peroxide Propylene Oxide Technology Advantage - BASF at Antwerp Belgium operates the largest European HPPO propylene oxide facility at approximately 300 KT per year, using hydrogen peroxide as the oxidant rather than the conventional chlorohydrin route. The HPPO route eliminates chlorine and salt waste streams and is approximately EUR 80 per metric tonne lower production cost than chlorohydrin PO for integrated producers, making BASF Antwerp the cost benchmark for European PO.
Price by Grade - Q2 2026 vs Q2 2025Preview · 2 of 6 grades shown
Grade / ProductRegion / BasisQ2 2026Q2 2025Direction
Propylene Oxide Technical EUEurope (delivered)EUR 1,748/MTEUR 1,620/MT↑ Rising
Propylene Oxide Polymer GradeEurope (delivered)EUR 1,788/MTEUR 1,658/MT↑ Rising
PO-Propylene Spread EUNWE (calc.)EUR 980/MTEUR 908/MTRising
Propylene NWE feedstockNWE (spot)EUR 768/MTEUR 712/MTRising
PPG Polypropylene Glycol ref.Europe (delivered)EUR 1,920/MTEUR 1,780/MTRising
PG Propylene Glycol ref.Europe (delivered)EUR 1,168/MTEUR 1,084/MTRising
Full grade price table in paid report  ·  Subscribe from USD 4,900/yr
Supply and Demand - Market ContextPreview · Full data in paid report

European propylene oxide supply is produced by BASF SE at Antwerp Belgium using HPPO technology with approximately 300 KT per year, Covestro AG at Brunsbüttel Germany and Antwerp Belgium using the SMPO styrene monomer propylene oxide co-production route with approximately 380 KT per year of PO capacity, Lyondell Chemical at Rotterdam Netherlands using the PO-SM route with approximately 280 KT per year, and Dow Chemical at Terneuzen Netherlands using the chlorohydrin route with approximately 180 KT per year. European PO demand is primarily from polyurethane polyol production for flexible foam and rigid insulation, propylene glycol for de-icing and pharmaceutical applications, and propylene glycol ethers for coatings and cleaning products. Demand for Propylene Oxide in Europe is structured across multiple end-use segments with differentiated price sensitivity, from commodity polymer and rubber applications to specialty chemical intermediates where performance requirements limit substitution and create defensible pricing above commodity benchmarks. Hormuz Naphtha Cost Chain Impact - NWE propylene at EUR 768 per metric tonne is elevated by Hormuz-related naphtha cost increases. PO production requires approximately 1.02 MT propylene per MT PO via the HPPO hydrogen peroxide route or chlorohydrin route, meaning the EUR 56 per. In the current 2026 supply and demand environment, Propylene Oxide pricing in Europe reflects both structural market conditions and active geopolitical supply chain disruption.

The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For European propylene oxide, the Hormuz disruption is transmitted through the NWE propylene feedstock chain - elevated naphtha costs from Middle Eastern crude and naphtha supply disruption increase NWE cracker economics and propylene pricing, which flows at approximately EUR 1. 50 per metric tonne PO sensitivity per EUR 1. 00 propylene into PO production cost at BASF Antwerp, Covestro Brunsbüttel, and Dow Terneuzen. Hydrogen Peroxide Propylene Oxide Technology Advantage - BASF at Antwerp Belgium operates the largest European HPPO propylene oxide facility at approximately 300 KT per year, using hydrogen peroxide as the oxidant rath.

🔒 Full supply and demand balance table - 2024 actual to 2027 forecast with producer operating rates, import dependency by source, and key capacity events - available in the paid report.
YoY Price Change
+7.9%
vs June 2025 · June 2026 basis
12-Month Range
MT / - EUR 1,832/
Jan 2026 low · Sep 2025 high
Report Subscription
USD 4,900/yr
Monthly PDF + Excel · 9 sections
Field Context - Europe
The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For European propylene oxide, the Hormuz disruption is transmitted through the NWE propylene feedstock chain - elevated naphtha costs from Middle Eastern crude and naphtha su...
Report Format PreviewPDF · ~14 pages · Navy structured layout

The paid report is a professionally formatted PDF with structured sections, colour-coded grade price tables, alert boxes, capacity atlas tables, a 3-scenario price outlook, and analyst cards. The accompanying Excel file contains all price data in editable format for direct integration into procurement models.

🔒
Sample page visible after subscription

Full report preview available after subscription. Illustrative mock shown above.

Analyst PerspectivesNexchem Intelligence Analysts

Every Nexchem Intelligence price report includes field-level analyst commentary covering supply shortages, qualification timelines, geopolitical friction, and pricing pressure - not generic market narrative. Nexchem analysts are active in the market and attribute all field intelligence to verifiable primary sources.

NX
Nexchem Intelligence Analyst
Head of Petrochemicals & Specialty Chemicals
Nexchem Intelligence Analyst · Field intelligence · Procurement contacts
"The PO-propylene spread at EUR 980 per metric tonne is above the historical EUR 820 to EUR 880 per metric tonne range - elevated by strong polyurethane polyol demand from the European renovation wave and IRA-equivalent EU renovation mandate incentives driving PU foam insulation demand. Buyers should model the NWE propylene price as the primary PO leading indicator with approximately EUR 1.50 per metric tonne PO sensitivity for every EUR 1 per metric tonne propylene change."
Nexchem Procurement View
Extended perspective and procurement recommendation locked - available in paid report
Extended analyst perspective in paid report
NX
Nexchem Intelligence Analyst
Head of Advanced Materials & Green Chemicals
Nexchem Intelligence Analyst · Field intelligence · Procurement contacts
"The Covestro SMPO route PO production is commercially interesting because it co-produces styrene monomer at approximately 2.4 MT SM per MT PO - meaning Covestro PO production economics are linked to both propylene and styrene markets simultaneously. At current NWE styrene pricing elevated by Hormuz benzene disruption, Covestro SMPO margin is benefiting from SM co-product value in addition to PO pricing, creating an integrated margin improvement that standalone HPPO producers like BASF do not capture."
Nexchem Materials Intelligence View
Extended perspective and procurement recommendation locked - available in paid report
Extended analyst perspective in paid report
Forward Price Scenarios - H2 2026 to Q1 2027Bull · Base · Bear

The paid report includes full scenario assumptions, quarterly price ranges for Q3 2026, Q4 2026, and Q1 2027, probability weighting for each scenario, and a procurement recommendation tailored to each case - covering what to do if the bull case materialises, what to hedge in the base case, and how to protect exposure in the bear case.

Bull Case
EUR 1,848 - 1,960
Q3 2026 · 25% probability
Full scenarios in paid report
Base Case
EUR 1,660 - 1,772
Q3 2026 · 50% probability
Full scenarios in paid report
Bear Case
EUR 1,388 - 1,500
Q3 2026 · 25% probability
Full scenarios in paid report
2026 Geopolitical Supply Chain ContextHormuz · US-Iran · Iranian Methanol

The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For European propylene oxide, the Hormuz disruption is transmitted through the NWE propylene feedstock chain - elevated naphtha costs from Middle Eastern crude and naphtha supply disruption increase NWE cracker economics and propylene pricing, which flows at approximately EUR 1.50 per metric tonne PO sensitivity per EUR 1.00 propylene into PO production cost at BASF Antwerp, Covestro Brunsbüttel, and Dow Terneuzen.

Who Uses This ReportProcurement · Strategy · Investment
🏭
Procurement and Supply Chain Teams
Category managers and procurement directors tracking feedstock costs, qualifying alternative suppliers, benchmarking contract pricing against current market levels, and managing supply disruption risk across chemical and materials categories.
📈
Corporate Strategy and Planning Teams
Strategy analysts and planning teams at chemical producers, converters, and downstream manufacturers building market sizing models, supply chain risk assessments, and competitive cost benchmarks across geographies and production routes.
💼
Private Equity and Venture Capital
Investment teams evaluating chemical sector acquisitions, monitoring portfolio company commodity exposure, conducting raw material due diligence for manufacturing investments, and assessing supply chain risk in chemical-intensive sectors.
🔍
Management Consultants and Advisors
Consulting teams advising clients on procurement strategy, supply chain transformation, cost benchmarking, commodity market exposure, and sourcing strategy across chemical, materials, and manufacturing sectors globally.
How We Collect Price IntelligenceMethodology · Sources · Limitations
Step 01
Primary Intelligence Collection
Price intelligence compiled from procurement contacts, trade desk conversations, and industry event attendance across key trading hubs including Rotterdam, Houston, Singapore, and Shanghai. Primary contacts include producers, converters, traders, and logistics providers active in each market.
Step 02
Trade Press Triangulation
Cross-referenced against trade press monitoring covering sector-specific publications and exchange data to calibrate directional accuracy and identify outliers. Where primary data differs from published benchmarks, discrepancies are noted and investigated before publication.
Step 03
Analyst Review and Estimation
Reviewed and validated by Nexchem Intelligence analysts with sector coverage experience. Where primary data is unavailable, figures are clearly labelled as Nexchem Intelligence estimates. Not a price assessment. Not for contract settlement or derivative pricing.

Important: Nexchem Intelligence price reports are indicative price intelligence, not price assessments. We are not a Price Reporting Agency and our prices are not IOSCO-compliant. For contract settlement, mark-to-market valuation, or derivative pricing, use ICIS, Argus, or S&P Global Platts. Our reports are for procurement strategy, supply chain planning, and market analysis only.

Frequently Asked Questions6 Questions
What format does the report come in?
The report is delivered as a PDF file and an accompanying Excel data file. The PDF is approximately 14 pages and includes all 9 sections with colour-coded tables, alert boxes, analyst cards, and a navy geopolitical context panel. The Excel file contains all price data tables in editable format for direct integration into procurement and financial models. Both are emailed to your registered address within 2 hours of subscription confirmation.
How often is this report updated?
Price intelligence reports are updated monthly. Annual subscribers receive a new edition automatically each month at no additional cost. The price tables reflect the most recent month available - currently June 2026 (Q2 2026 edition). Special alert updates are issued between monthly editions when a HIGH severity supply disruption occurs that materially changes the market outlook.
Is this an official price assessment like ICIS or Argus?
No. Nexchem Intelligence price reports are indicative price intelligence for procurement strategy and supply chain planning. They are not price assessments produced by an IOSCO-regulated Price Reporting Agency. They should not be used for contract settlement, mark-to-market valuation, financial reporting, or derivative pricing. For those applications, ICIS or Argus are the appropriate sources. Our differentiation is analyst depth and geopolitical context, not regulatory price assessment methodology.
Can I cancel my subscription?
Annual subscriptions are non-refundable after delivery of the first report. Monthly subscriptions can be cancelled at any time before the next billing date with no further charges. Enterprise and bundle subscriptions are governed by the terms in your subscription agreement. Contact [email protected] for any subscription queries.
Can I share the report within my organisation?
Single SKU subscriptions include 1 user seat. Analyst bundle subscriptions (5 SKUs) include 3 user seats. Procurement bundle (15 SKUs) includes 5 seats. Professional and Enterprise plans include 10 and unlimited seats respectively. Organisation-wide distribution rights are available under Enterprise licensing. Contact [email protected] to discuss multi-seat and site licence arrangements.
What sources do you use for price data?
Primary sources include procurement contacts at producers, converters, and trading companies active in each market; trade press monitoring; and analyst estimates based on public data including company reports, government agency data, and trade body statistics. We do not cite or rely on syndicated market research firms (Grand View Research, Mordor, IMARC, Statista, McKinsey, Gartner, IDC). We do not use AI-generated market data. All source data is primary and independently verified where possible.
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Propylene Oxide - Europe
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Report Details
SKU IDNXP-SC-062
PublishedQ2 2026 · June
FormatPDF + Excel
Pages~14 pages
Update cycleMonthly
DeliveryWithin 2 hours
LanguageEnglish
Included in every plan
Monthly price brief - PDF + Excel
Grade-level price breakdown - all commercial grades
Supply and demand commentary with operating rates
Capacity atlas - site-level producer detail
Trade flow intelligence with Hormuz risk rating
Feedstock and production margin analysis
3-scenario forward price outlook to Q1 2027
Analyst perspectives - Kellner and Venkat
Procurement recommendation per scenario
Weekly disruption alerts (Procurement plan+)
API data delivery (Professional plan+)
Dedicated analyst access (Enterprise only)
Methodology disclaimer: Nexchem Intelligence price reports contain indicative price intelligence compiled from primary procurement contacts, trade press monitoring, and analyst estimates. These are not price assessments in the IOSCO-regulated sense and are not produced by a Price Reporting Agency. Do not use for contract settlement, mark-to-market valuation, financial reporting, or derivative pricing. All figures are estimates. Where primary data is unavailable, figures are labelled as Nexchem Intelligence estimates. Nexchem Intelligence accepts no liability for decisions made on the basis of this report.
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