MOSCOW (MRC)--Export polypropylene (PP) prices for September shipments to the CIS markets have fallen, according to the ICIS-MRC Price report.
The reduction follows a decrease in the September propylene contract price which settled down by €50/tonne from the previous month.
All market participants said European producers reduced their export prices of propylene polymers for this month’s shipments, but in some cases, the decrease was less than the cut in European propylene.
Deals for September shipments of propylene homopolymers (homopolymer PP) were discussed in the range of €1,005-1,055/tonne FCA (free carrier), down by €30-50/tonne from August.
Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of €1,090-1,130/tonne FCA, also down by an average of €30-50/tonne.
Some European producers had restrictions for export shipments, but they were not critical for most buyers. Consumers partially met their needs for PP due to deliveries from the Middle East.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.