MOSCOW (MRC) - December contract price of propylene in Europe was agreed up by EUR32/tonne from the level in November. Many European producers announced an increase in December export prices of polypropylene (PP) for the CIS countries but not proportionally to the growth of the price of monomer, according to ICIS-MRC Price Report.
Negotiations on December prices of European PP began at the end of last week, many market participants said many European producers increased their export PP prices by EUR30/tonne.
But in the negotiation process, some producers agreed to limit the growth of prices by the value of EUR20/tonne.
Negotiations for December shipments of homopolymer propylene (homopolymer PP) were done in the range of EUR1,010-1,100/tonne FCA, whereas last month's deals were done in the range of EUR990-1,080/tonne FCA.
Deals for block copolymers of propylene (PP block copolymers) were agreed in the range of EUR1,160-1,230/tonne FCA, down on average by EUR20/tonne from November.
Negotiations over December shipments of statistical propylene copolymers (PP random copolymers) were held in the range of EUR1,210-1,270/tonne FCA.
MRC