Europe PP prices for CIS countries down in December

MOSCOW (MRC)–All European producers announced a decrease in export prices of polypropylene (PP) for deliveries to the markets of the CIS countries in December, however price cuts have not been in line with the decrease in the Europe propylene December contract, according to ICIS-MRC Price Report.

December contract price of propylene in Europe was settled down by €100/tonne from November.

Despite this, participants in the CIS countries market say European producers have talking about lowering PP prices by only €40-60/tonne.

December deals for homopolymer PP were agreed in the range of €1,125-1,180/tonne FCA (free carrier), down on average by €60/tonne from  November. Some producers still had significant restrictions on this month’s shipments.

Deals for block propylene copolymers (PP block copolymers), meanwhile, were done in the range of €1,210-1,270/tonne FCA, while in November deals were done in the range of €1,250-1,310/tonne FCA.

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