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MOSCOW (MRC) - The continuous rise in
polypropylene prices in Europe and Turkey has significantly affected prices in
nearby regions, in particular in the Ukrainian market. Russian producers
announced the second increase in polypropylene prices for Ukrainian consumers in
a month, according to the ICIS-MRC Price
Report.
Negotiations on the February price of Russian PP started in
the first days of the month, and at the beginning of the month, Russian
producers decided to raise export prices by USD130/tonne. This week, under the
pressure of yet another jump in prices in Turkey and Europe, Russian
polypropylene has risen in price by another USD190/tonne.
Deals for February
shipments of Russian homopolymer PP at the beginning of the month were in the
range of USD1,370-1,410/tonne FCA.
Prices for additional volumes of
polypropylene and shipments in the second half of February rose to
USD1,560-1,600/tonne FCA. A similar situation was with the prices of European
and Middle Eastern polypropylene for the Ukrainian consumers.
Export
prices of European producers were announced for homopolymer PP in the range of
EUR1,250-1,310/tonne FCA in the first week of February, and already in the
second week of the month, some producers announced another price increase by
EUR100/tonne.
Last week, prices for Middle Eastern homopolymer PP
increased in the Turkish by USD100 - 300/tonne, and then the Middle East
producers announced a similar rise in prices for the Ukrainian market. Price
offers for March shipments rose to USD1,600 per tonne, CIF Odessa, while in the
first week of February, deals were done in the range of USD1,360 - 1,420/tonne
CIF Odessa. |
