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European PP prices significantly increased in CIS markets in June

June 07/2018

MOSCOW (MRC) - June contract price of propylene in Europe was agreed up EUR80/tonne from the level of May, as a result, European producers proportionally raised export prices for certain types of polypropylene for supplies to CIS markets in June, according to the ICIS-MRC Price Report.

In some cases, however, PP prices were increased by EUR90/tonne in comparison with the level of May.
Negotiations on June European PP prices began this week, and most likely all deals will be agreed by the end of the week.

All market participants reported an increase in the June export prices for propylene polymers from all producers, with the highest price increase seen in the segment of homopolymer PP (up by EUR70-90/tonne compared to the level of May).

Deals on June homopolymer PP were discussed in the range of EUR1190-1245/tonne FCA, while the deals for May shipment were agreed in the range of EUR1120-1155/tonne FCA. Some producers have been keeping export restrictions for the third consecutive month for injection moulding homopolymer PP.

Deals for PP block copolymers were discussed in the range of EUR1250-1300/tonne FCA, up EUR40-50/tonne from the May level.
Author:Anna Larionova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, PP random copolymer.
Category:General News
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