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October prices of European PP did not rise for CIS markets despite higher monomer prices

October 09/2018

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