MOSCOW (MRC)--European polypropylene (PP) producers are targeting a €20-40/tonne September price hike for export into the CIS countries on higher feedstock cost, according to the ICIS-MRC Price Report.
The September contract price of propylene in Europe was agreed up by €20/tonne from August.
Negotiations on September prices of European PP began at the end of last week.
Many market participants reported that all European producers announced a price rise for September PP delivery, ranging from €20-40/tonne depending on grade and producer.
Deals for homopolymer PP for September delivery into CIS markets were discussed this week in a fairly wide range of €950-1,060/tonne FCA (free carrier), while a month earlier the deals were agreed in the range of €910-1,040/tonne.
Some producers had restrictions on homopolymer PP delivery in August but that was not evident this month.
Deals for PP block copolymers are discussed a range of €1,080-1,150 /tonne FCA, on average up by €20/tonne from the level in August.
Negotiations on September shipment of PP random copolymers are done in the range of €1,115-1,180/tonne.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.