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Russian PP increased by EUR190/tonne for Ukraine

February 17/2021

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.
Author:Anna Larionova
Tags:PP, PP block copolymer, homopolymer PP, PP random copolymer, propylene, Russia, Ukraine.
Category:General News
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