Europe April PP prices increase by €10/tonne for CIS markets

MOSCOW (MRC)–The majority of European producers announced the increase in April export PP prices for CIS markets in line with the €10/tonne hike agreed for propylene contracts this month, according to MRC’s DataScope report.

In some cases prices were increased by €15-30/tonne and rolled over from March. Negotiations on the April price for European PP began on 3 April.

All market participants reported an increase in export prices for propylene polymers in the current month, at least in proportion to the growth in the price of the monomer in the region, with some exceptions. Some producers announced an increase in homopolymer PP prices by €30/tonne from the March level.

Deals for April shipments of homopolymer PP were discussed in the range of €1,090-1,155/tonne FCA (free carrier), whereas March deals were negotiated in the range of €1,060-1,145/tonne FCA. Some producers still had limited quotas for exports of injection moulding homopolymer PP.

Deals for copolymers of propylene (PP block copolymers) were discussed in the range of €1,210-1,250/tonne FCA, while in March deals were done in the range of €1,195-1,250/tonne FCA.

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