October prices for European PP into the CIS countries up €30-40/tonne

MOSCOW (MRC)–European polypropylene (PP) producers have raised October prices for product into the CIS countries by €30-40/tonne, according to the ICIS-MRC Price Report.

The October contract price of propylene was agreed in Europe up by €30/tonne from September.

Negotiations over October prices of European PP began this week with many market participants stating that some producers had increased their export PP prices more significantly than the rise in monomer prices in the region.

Some European producers have restrictions for October shipments, but they are not critical for most buyers.

Deals for October shipments of homopolymer PP were discussed in the range of €1,070-1,130/tonne FCA (free carrier), up by an average of €30-40/tonne from September.

Deals for block compolymers of propylene (PP block copolymers) were negotiated in the range of €1,170-1,240/tonne FCA.

Negotiations over October shipments of statistical propylene copolymers (PP random copolymers) were held in the range of €1,230-1,290/tonne FCA.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.