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PP prices in Russia continue to increase

March 30/2010

MOSCOW (MRC) Ц To the end of March prices on PP on Russian market have broken another record and reached the level of 53.000 Ц 58.000 RUB/mt Ц this information was stated in MRC weekly Price report.

PP prices in Russia continue to increase

Insufficient supply on the market, seasonal demand increase and upcoming suspenses for scheduled maintenance in Kapotnia and Ufa Ц all those factors cause the future PP prices increase in Russia. Some Russian producers have already made the prices on PP for shipping in April public.

 

Moulded PP got more expensive to April to 56.000 Ц 58.000 RUB/mt, including VAT, FCA, at the same time demand of the material on the market is still limited. The prices on raffia have essentially increased. It is expected, that all the Russian producers will define the prices for April before the end of this week.

European producers also intend to increase the prices on PP in April on EUR 50-70/mt. Limited supply of the polymer on European market continues to have an influence on price increase. Besides, some producers from Eastern Europe have stated about necessity of suspense for scheduled maintenance in April. That will make the deficit in region stronger. In Asia the prices continue to decrease as a result of polypropylene surplus in the region, some producers are planning to lower the capacities charging to decrease polymer supply on the market. 

 

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More information about PP market in Russia is presented in our Price reports.

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