European PP prices drop for CIS markets

MOSCOW (MRC)–Many European producers have announced a reduction in export prices of polypropylene (PP) for the CIS countries despite the stability of monomer propylene in October, according to ICIS-MRC Price Report.

Negotiations over November prices of European PP began at the end of last week, and many market participants said many European producers reduced their export PP prices, despite the situation in the propylene market.

Negotiators said local producers had no restrictions on November shipments.

Deals for November shipments of homopolymer propylene (homopolymer PP) were done in the range of €990-1,100/tonne FCA (free carrier), whereas last month’s deals were done in the range of €1,040-1,130/tonne FCA.

Deals for block copolymers of propylene (PP block copolymers) were done in the range of €1,140-1,210/tonne FCA, down by an average of EUR30/tonne from October.

Negotiations over November shipments of statistical propylene copolymers (PP random copolymers) were held in the range of €1,190-1,250/tonne FCA.

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