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European producers reduce prices for polypropylene

May 13/2011

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 Ц 1.330/mt, FCA, for raffia, and EUR 1.330 Ц 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 Ц 1.450/mt, FCA.

Middle East and Asian producers have left their prices on April level.

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