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European PP for CIS countries dropped by EUR30-40/tonne in November

November 07/2013

MOSCOW (MRC) -- European polypropylene (PP) producers have reduced prices following lower prices for propylene, according to ICIS-MRC Price report.

November contrast PP prices in Europe were agreed by EUR30/tonne lower from October. European producers announced PP price cuts for the CIS markets by EUR30-40/tonne amid lower feedstock prices.

Deals for European homopolymer of propylene (homopolymer PP) to be shipped in November were being negotiated in the range of EUR1,130-1,200/tonne FCA this week. Prices for block copolymers of propylene (PP-block) were heard in the range of EUR1,200-1,260/tonne FCA.

Some market participants were not in a hurry to contract European PP, hoping to achieve even lower prices.  European producers have recently adoped a practice of reducing prices further in the middle of the month.
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP-Impact, PP-Homo, propylene.
Category:General News
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