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September prices of European PP grew for CIS countries, but not all sellers raised them

September 12/2018
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.

mrcplast.com
Author:Margaret Volkova
Tags:Europe, SNG, PP, PP block copolymer, homopolymer PP, propylene.
Category:General News
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