October European PP CIS export prices up by €10-30/tonne

MOSCOW (MRC)–European polypropylene (PP) producers increased export prices for October shipments to the CIS countries after the monthly propylene contract rose by €10/tonne, according to the ICIS-MRC Price report.

Negotiations over October prices of European PP began at the end of last week.

All market participants said European producers raised their export prices of propylene polymers for this month”s shipments by €10-30 tonne.

Deals for Octber shipments of propylene homopolymers (homopolymer PP) were discussed in the range of €1,015-1,065/tonne FCA (free carrier), up by €10/tonne from September.

Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of €1,120-1,160/tonne FCA, up by €10-30/tonne from the previous month.

Some European producers still had restrictions for export shipments but they were not critical for most buyers.

Consumers partially met their needs in PP due to cheaper shipments from the Middle East.

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