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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.
mrcplast.com
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