September prices of European PP grew for CIS countries, but not all sellers raised them |
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MOSCOW (MRC) --
The September contract price of propylene was agreed in Europe up by
EUR40/tonne from August. However, not all European producers announced a
proportional increase in export prices of polypropylene (PP) for September
shipments to the CIS markets, according to ICIS-MRC Price
report.
Negotiations over September prices of European PP began last
week. All market participants reported a number of producers" desire to achieve
an increase in export prices of propylene polymers, which is proportional to the
amount of the rise in monomer prices for this month"s shipments. Some companies
said that in a number of cases, they managed to roll over August
prices.
Deals for September shipments of homopolymer propylene
(homopolymer PP) were negotiated in the range of EUR1,165-1,230/tonne FCA,
whereas last month"s deals were done in the range of EUR1,165-1,240/tonne
FCA.
Deals for block-copolymers of propylene (PP block copolymers) were done
in the range of EUR1,240-1,310/tonne FCA.
Some companies said some
producers still had restrictions on exports from August due to shutdowns for
maintenance. |
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mrcplast.com | |
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