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November prices of European PP dropped for CIS markets

November 09/2017

MOSCOW (MRC) -- The November contract price of propylene was settled at the level of October in Europe. However, many European producers announced a reduction in export prices of polypropylene (PP) for the CIS countries, despite the stability of monomer prices, according to ICIS-MRC Price Report.

Negotiations over November prices of European PP began at the end of last week, many market participants said many European producers reduced their export PP prices, despite the situation in the propylene market. Negotiators said local producers had no restrictions on November shipments.

Deals for November shipments of homopolymer propylene (homopolymer PP) were done in the range of EUR990-1,100/tonne FCA, whereas last month"s deals were done in the range of EUR1,040-1,130/tonne FCA.

Deals for block copolymers of propylene (PP block copolymers) were done in the range of EUR1,140-1,210/tonne FCA, down by an average of EUR30/tonne from  October. Negotiations over November shipments of statistical propylene copolymers (PP random copolymers) were held in the range of EUR1,190-1,250/tonne FCA.
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, PP random copolymer, propylene, sopolimeri propilena.
Category:General News
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