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PP prices increased in Russia in November

December 06/2017

Moscow (MRC) - Prices for polypropylene (PP) increased in the Russian market in November, contrary to the experience of the past. The average price increase was about roubles (Rb) 3,000/tonne, depending on the supplier, according to the ICIS-MRC Price Report.

In previous years Russia"s PP prices decreased in November under the pressure of the seasonal factor. The demand for polymer had weakened, while the supply of material in the market increased after the end of the period of scheduled maintenance works of key producers.

The situation in the market has changed this year, lower prices in the first half of the month changed to growth in the second half of November. Demand for polypropylene in the first half of November declined, and this factor began to put pressure on prices.

Price offers for the supply of the Central Asian homopolymer PP raffia reached a level of Rb84,000/tonne FCA, including VAT; the Russian parity was on average by Rb1,000/tonne more expensive. The largest supplier of polypropylene in Russia - SIBUR announced an increase in prices for homopolymer PP by Rb3,000/tonne. Other suppliers reacted moderately to such a tangible price increase, raising prices on average by Rb1,000/tonne before the end of the month.

The market for propylene copolymers was more complicated. Supply of extrusion PP block copolymers and injection moulding PP random copolymers was tight in November. Prices for injection moulding PP random copolymers in some cases reached 120,000/tonne FCA, including VAT.

Prices for injection moulding PP block copolymers and extrusion PP random copolymers were steady in November, as weaker demand and sufficient supply did not allow prices to rise.
Author:Anna Larionova
Tags:PP, PP block copolymer, homopolymer PP, PP random copolymer, injection moulding, other extrusion, Russia.
Category:General News
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