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MOSCOW (MRC) -- The December contract
price of propylene was settled in Europe down by EUR15/tonne from the previous
month. However, all European producers announced a greater increase in export
prices of polypropylene (PP) to be shipped to the CIS markets in December, than
the rise of monomer prices, according to ICIS-MRC Price
report.
Negotiations over December prices of European PP began in the
first days of the month. All market participants said European producers raised
their export prices of propylene polymers, and in some cases, the price increase
was EUR90/tonne. There were also cases when the price growth was more modest and
amounted to EUR20/tonne.
Deals for December shipments of homopolymer
propylene (homopolymer PP) were done in the range of EUR940-980/tonne FCA,
whereas last month"s deals were done in the range of EUR850-960/tonne FCA. Deals
for block copolymers of propylene (PP block copolymers) were done in the range
of EUR970-1,030/tonne FCA versus EUR920-990/tonne FCA.
Many producers
virtually contracted all their December quantities in the first week of the
month because of strong demand from the domestic and export markets. Some
producers also had significant restrictions on PP shipments to the CIS
markets. |
