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European producers rolled over August PP prices for August delivery for CIS countries

August 09/2017

MOSCOW (MRC) -- The August contract price of propylene was settled at the level of July in Europe. Because of that European producers rolled over July export prices for polypropylene (PP) for August delivery for CIS countries, according to ICIS-MRC Price Report.

Negotiations over August prices of European PP began last week, many market participants said European producers rolled over their export PP prices , despite the serious strengthening of the euro against the dollar.

Most European producers do not have restrictions for export delivery. Deals for August shipments of homopolymer PP were discussed in the range of EUR1,000-1,075/tonne FCA, which corresponds to the July level of prices.

At the same time, it is worth noting that a part of the producers after a week of negotiations went on reducing prices for EUR20-30/tonne in comparison with the initially announced price level.

Deals for copolymers of propylene (PP block copolymers) were done in the range of EUR1,100 -1,150/tonne FCA.
Negotiations over August shipments of statistical copolymers (PP random copolymers) were held in the range of EUR1,150-1,220/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, PP random copolymer.
Category:General News
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