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MOSCOW (MRC) -- Higher propylene
prices led to a proportional rise in polypropylene (PP)
prices in Europe. European producers have announced an increase
of EUR25-30/tonne for PP prices for the CIS countries, according
to ICIS-MRC
Price report.
The December contract price of propylene in Europe
was agreed by EUR30/tonne higher than in November.
Consequently, European producers announced a
virtually proportional price increase for PP to be shipped
in December to the CIS markets.
Negotiations over December shipments
of European PP began at the beginning of the
week. Offers for homopolymer of propylene (homopolymer
PP) were heard in the range of EUR1,180-1,240/tonne FCA. At the
same time, some European producers can offer for export
only homopolymer PP of raffia grade. Offers for block copolymers
of propylene (PP-impact) started at EUR1,240/tonne FCA.
Some
market participants said the current strengthening of the euro against the
dollar and other national currencies, which started in the second half of
November, had led to a further rise in European PP
prices. |
