April prices of European PP up €15/tonne for CIS markets
Sergey Karaichentsev
10-Apr-2017
MOSCOW (MRC)–With April contract price of propylene
in Europe being agreed up by €15/tonne from March,
European polypropylene (PP) producers announced a
proportional increase in this month’s export prices for the
CIS countries, according to an ICIS-MRC Price report.
Negotiations over April prices of European PP began last
week, with many market participants saying European producers
had raised their export prices for April shipments of PP by
up to €15/tonne.
Deals for April shipments of homopolymer PP were
negotiated in the range of €1,150-1,205/tonne FCA (free
carrier), whereas last month’s deals were done in the range
of €1,080 – 1,190/tonne FCA.
Most producers still have export restrictions, with the
biggest shortage seen in homopolymer PP raffia supply.
Deals for copolymers of polypropylene (PP block copolymers)
were discussed in the range of €1,205 -1,295/tonne FCA.
Negotiations on April shipment of PP random copolymers were
done in the range of €1,245-1,335/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.
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