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Prices of European PP are mixed for CIS coutnries in March

March 12/2018

MOSCOW (MRC) -- The March contract price of propylene was agreed in Europe down by EUR20/tonne from February. However, European producers reduced their export prices only for propylene copolymers to be shipped to the CIS markets in March, according to ICIS-MRC Price report.

Negotiations over March prices of European PP began on Monday. All market participants stated the ambiguity of decisions on export prices for polymer in March, given lower propylene prices in Europe. In fact, prices of propylene homopolymers (homopolymer PP) virtually either rolled over or went up from February, whereas prices dropped by EUR20-25/tonne in the propylene copolymers segment.

Deals for March shipments of homopolymer PP were done in the range of EUR1,060-1,145/tonne FCA, whereas February deals were negotiated in the range of EUR1,030-1,140/tonne FCA. Some producers had limited export quotas for injection moulding homopolymer PP.

Deals for block copolymers of propylene (PP block copolymers) were discussed in the range of EUR1,195-1,250/tonne FCA, down by an average of EUR20-25/tonne from February.
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, propylene.
Category:General News
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