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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. |
