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January prices of European PP grew by EUR20-40/tonne for CIS markets

January 12/2018

MOSCOW (MRC) - January contract price of propylene in Europe was agreed up EUR20/tonne below the level of the December. Many European producers announced an increase in January export prices of polypropylene (PP) for the CIS countries, in some cases it was a question of an increase in prices for EUR40/tonne, according to ICIS-MRC Price Report.

Negotiations on January prices of European PP began at the end of last week, many market participants said many European producers announced an increase of EUR40/tonne in export PP prices. Some producers agreed to limit the growth of prices of EUR20/tonne.

Deals for January shipments of homopolymer propylene (homopolymer PP)  were done in the range of EUR1,030-1,140/tonne FCA, whereas last month's deals were done in the range of EUR1,010-1,100/tonne FCA.

Deals for block copolymers of propylene (PP block copolymers) were agreed in the range of EUR1,180-1,240/tonne FCA, down on average by EUR20-40/tonne from  December.

Negotiations over January shipments of statistical propylene copolymers (PP random copolymers) were held in the range of EUR1,240-1,300/tonne FCA.
Author:Anna Larionova
Tags:SNG, PP, PP block copolymer, homopolymer PP, PP random copolymer, Russia.
Category:General News
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