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Russian PP prices remain strong, despite resumption of Poliom

November 01/2013

MOSCOW (MRC) - Supply of polypropylene (PP) in the Russian market has improved in the second half of October, on the back of the resumption of production at Poliom. However, the price level is still high, according to ICIS-MRC price Report.

Poliom has resumed its PP production in early October, following nearly a month long shutdown. However, due to unscheduled outages of Stavrolen and Ufaorgsintez (their capacity utilisation was low because of the feedstock shortage) supply of PP, in particular raffia (grade homopolymer PP) continued to be tight in the first half of the month.

Market situation has stabilized in the second half of October, but the price remained high.

The negotiations for Russian contract PP prices for November have begun this week.  Some Russian producers said they plan to leave raffia grade polypropylene prices at the rollover from October. They do not rule out that they will raise the price of injection moulding homopolymer PP because the tight supply in the market.

Spot raffia prices this week were at Rb59,500-62,500/tonne CPT Moscow, including VAT. In the injection moulding homopolymer PP market, price offers were heard in the range of Rb63,000-66,000/tonne CPT Moscow, including VAT. A shortage of injection moulding homopolymer PP continued to be felt in the market.


mrcplast.com
Author:Anna Larionova
Tags:PP, PP-Impact, PP-Homo, PP-Random, Poliom, Stavrolen, Ufaorgsyntez, Russia.
Category:General News
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