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Not all European producers raised PP prices for CIS markets

May 11/2018

MOSCOW (MRC) -- The contract price of propylene in Europe was agreed by EUR25/tonne higher than in April, but most European producers announced a roll-over of April export prices of polypropylene (PP) for May shipments to the CIS markets, according to ICIS-MRC Price report.

In some cases, however, prices went up by EUR30/tonne from April.

Negotiations over May prices of European PP have been actively conducted this week, some deals will be agreed only next week. All market participants reported the roll-over of April export prices of propylene polymers for this month, except for two producers, which increased their prices of homopolymers of propylene (homopolymer PP) by EUR30/tonne from April.

Deals for May shipments of homopolymer PP were discussed in the range of EUR1,120-1,155/tonne FCA, whereas April deals were negotiated in the range of EUR1,090-1,155/tonne FCA. Some producers have already had restrictions for export of injection moulding homopolymer PP for two months.

Deals for block copolymers of propylene (PP block copolymers) were discussed in the range of EUR1,210-1,250/tonne FCA, which corresponded to April prices.
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, propylene, sopolimeri propilena.
Category:General News
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