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PP prices in Europe reached the peak in May, followed by their gradual decline. The debt crisis in Europe and the subsequent decline in demand for PP forced European producers to cut back production volumes significantly.
However, by mid-December, despite a significant reduction in PP production
loading, European market had demonstrated a surplus in supply.
Excess of PP in the domestic market forces European producers to increase
export sales by a serious decline in prices.
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By this week the European export prices of PP for CIS markets had
achieved the following levels: raffia was offered on average for
EUR1,000-1,030/tonne, FCA, injection molding PP-homo - on average for
EUR1,030-1,080/tonne, FCA. Export quotations of copolymers of propylene
seriously decreased too. Prices of block copolymers of propylene start from
EUR1,100/tonne, FCA, statistical copolymer of polypropylene - on average by
EUR20-40/tonne more expensive.
mrcplast.com
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