MOSCOW (MRC) -- Despite growing contract price for propylene in Europe this month, European producers reduced export prices for polypropylene (PP), according to ICIS-MRC price report.
May contract price for propylene in Europe grew by EUR 35/mt compared to April. Nevertheless, some European producers reduced export prices for polypropylene in May. On average, reduction of export quotations compared to April made EUR 10-20/mt. Some European producers reduced price offer for propylene to EUR 1.280 - 1.330/mt, FCA, for raffia, and EUR 1.330 - 1.370/mt, FCA, for IM polypropylene.
Copolymers of propylene fell less insignificantly, on average, by EUR 10/mt, but not all European producers reduced export prices.
Export prices for impact copolymers of propylene in May were reduced to EUR 1.370 - 1.450/mt, FCA.
Middle East and Asian producers have left their prices on April level.