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European PP prices continue to rise for CIS buyers

February 09/2018

MOSCOW (MRC) -- February contract price of propylene in Europe was agreed up by EUR28/tonne from January.
European producers announced an increase in February 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 the February price level of the European PP began at the end of last week, all market participants reported a further rise in polymer prices.

At the same time, the position of European producers regarding the price increase was mixed, the increase in the cost of polypropylene was announced in the range of EUR20-35/tonne.

Deals for January shipments of homopolymer propylene (homopolymer PP)  were done in the range of EUR1,030-1,140/tonne FCA, whereas February deals were agreed in the range of EUR1,050-1,170/tonne FCA.

Deals for block copolymers of propylene (PP block copolymers) were agreed in the range of EUR1,210-1,275/tonne FCA, up on average by EUR30-35/tonne from  January.
Author:Anna Larionova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, PP random copolymer, Russia.
Category:General News
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