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October prices of European PP rose by EUR10-30/tonne for CIS markets

October 09/2019

MOSCOW (MRC) -- The October contract price of propylene was settled in Europe up by EUR10/tonne from the previous month. Therefore, all European producers announced an increase in export polypropylene (PP) prices for October shipments to the CIS countries, according to ICIS-MRC Price report.

Negotiations over October prices of European PP began at the end of last week. All market participants said European producers raised their export prices of propylene polymers for this month"s shipments, but in some cases, the price increase was EUR30/tonnes, which is higher than the rise in prices of European propylene.

Deals for Octber shipments of propylene homopolymers  (homopolymer PP) were discussed in the range of EUR1,015-1,065/tonne FCA, up by EUR10/tonne from September. Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of EUR1,120-1,160/tonne FCA, up by EUR10-30/tonne from the previous month.

Some European producers still had restrictions for export shipments, but they were not critical for most buyers. Consumers partially met their needs in PP due to cheaper shipments from the Middle East.
Author:Margaret Volkova
Tags:Europe, PP, PP block copolymer, homopolymer PP, propylene, sopolimeri propilena, Russia.
Category:General News
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