September European PP prices grow for CIS countries

MOSCOW (MRC)–The Europe September contract price of propylene was agreed up by €10/tonne from August. However, not all European producers announced a proportional increase in export prices of polypropylene (PP) for September shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over September prices of European PP began last week.

All market participants reported a number of producers’ desire to achieve an increase in export prices of propylene polymers, which is proportional to the amount of the rise in monomer prices for this month’s shipments, however, some companies said that in a number of cases, they managed to roll over August prices.

Deals for September shipments of homopolymer propylene (homopolymer PP) were negotiated in the range of €1,165-1,230/tonne FCA (free carrier), whereas last month’s deals were done in the range of €1,165-1,240/tonne FCA.

Deals for block-copolymers of propylene (PP block copolymers) were done in the range of €1,240-1,310/tonne FCA.

Some companies said some producers still had restrictions on exports from August due to shutdowns for maintenance.

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