March Europe PP prices for CIS markets rise by €70/tonne

MOSCOW (MRC)–The export price for polypropylene from Europe producers to CIS countries was agreed up €70/tonne in most cases, above the €50/tonne rise for propylene this month, according to the ICIS-MRC price report.

The March contract price of propylene in Europe was agreed €50/tonne higher from February. However, in most cases, local producers announced a greater increase in this month’s export prices of polypropylene (PP) for CIS countries, than the rise of the monomer.

Negotiations over March prices of European PP began at the end of last week, with many market participants stating that European producers raised their export PP prices for March shipments by up to €70/tonne, depending on PP grade.

Deals for February shipments of homopolymer propylene (homopolymer PP) were negotiated in the range of €1,080-1,180/tonne FCA (free carrier), whereas last month’s deals were done in the range of €1,010-1,110/tonne FCA. Most producers have already had limited export quotas for the past several months, but some producers only restricted their shipments of homopolymer PP raffia grade this month.

Deals for copolymers of propylene (PP block copolymers) were discussed in the range of €1,180 -1,300/tonne FCA. Negotiations over March shipments of PP random copolymers were held in the range of €1,230-1,320/tonne FCA.

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