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December prices of European PP rise significantly for CIS markets

December 16/2020

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.
Author:Margaret Volkova
Tags:Europe, PP, PP block copolymer, homopolymer PP, propylene, Belarus, Russia, Ukraine.
Category:General News
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