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MOSCOW (Market Report) -- The October
contract price of propylene was agreed in Europe up by EUR20/tonne from
September. However, virtually all European producers announced a roll-over of
September export polypropylene (PP) prices for October shipments to the CIS
markets, according to ICIS-MRC Price
report.
Negotiations over October prices of European PP began last
week. All market participants reported producers" desire to maintain their
export prices of propylene polymers at the last month"s level, despite the
increase of EUR20/tonne in propylene prices in the region.
Deals
for October shipments of propylene homopolymer (homopolymer PP) were discussed
in the range of EUR1,165-1,240/tonne FCA, which virtually corresponds to
September prices. Deals for block-copolymers of propylene (PP block copolymers)
were done in the range of EUR1,240-1,310/tonne FCA.
Many companies
reported no restrictions on this month"s PP exports. |
