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October prices of European PP up by EUR10-15/tonne for CIS markets

October 19/2021

MOSCOW (MRC) -- The October contract price of propylene was settled in Europe up by EUR25/tonne from the previous month. As a result, European producers raised their October contract polypropylene (PP) prices for the CIS countries. But the price increase was not proportional to the rise in monomer prices, according to ICIS-MRC Price report.

Negotiations over October export prices of European PP were over last week. All market participants said almost all European producers still had export restrictions on propylene copolymers. Producers also raised their export PP prices for October shipments. Propylene copolymers accounted for the greatest price increase, whereas prices of propylene homopolymer (homopolymer PP) grew slightly.

Deals for October shipments of homopolymer PP were done  in the range of EUR1,600-1,680/tonne FCA, whereas last month"s deals were done in the range of EUR1,1590-1,660/tonne FCA. Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of EUR1,850-1,900/tonne FCA, up by EUR15-50/tonne from the previous month.
Author:Margaret Volkova
Tags:Europe, CIS, PP, PP block copolymer, homopolymer PP, sopolimeri propilena, Belarus, Russia, Ukraine.
Category:General News
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