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European PP prices rose by EUR25-30/tonne for CIS markets

December 06/2013

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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP-Impact, PP-Homo, propylene.
Category:General News
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