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European producers decreased export prices for PP

June 06/2011

MOSCOW (MRC) -- Under the pressure of declined contract price for propylene, European producers considerably decreased export prices for polypropylene (PP) in June, according to ICIS-MRC Price Report. Yet in May, some suppliers were forced to reduce prices by EUR 10-20/mt, depending on PP grade. 

Over the month, export prices for PP in Europe were reduced, on average, by EUR 50-80/mt.

 Prices for homopolymer propylene in June were decreased to EUR 1.240 Ц 1.300/mt, FCA.


Current strengthening of euro against dollar (1.463 on Monday) was partially levelled by decreased export prices for CIS markets. 


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Tags:PP, propylene.
Category:General News
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