April prices of European PP up €15/tonne for CIS markets

10 April 2017 09:37 Source:ICIS News

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.

By Sergey Karaichentsev