Europe June PP prices to CIS markets fall in June
Sergey Karaichentsev
08-Jun-2017
MOSCOW (MRC)–European producers were forced to
reduce their export polypropylene (PP) prices for the CIS
countries this month, following initial settlements completed
at a €40/tonne drop compared to May, but some restrictions on
exports remained, according to ICIS-MRC Price
report.
Negotiations over June prices of European PP began this week,
many market participants said European producers had reduced
their export PP prices further than the reduction in the
propylene price in Europe. At the same time, restrictions on
exports remained, and some producers do not plan to ship
material to the CIS markets this month at all.
Deals for June shipments of homopolymer propylene
(homopolymer PP) were negotiated in the range of
€1,100-1,140/tonne FCA (free carrier), compared to €1,140 –
1,200/tonne FCA last month. Some producers still had
restrictions on exports, with homopolymer PP raffia
accounting for the most acute.
Deals for copolymers of propylene (PP block copolymers) were
discussed in the range of €1,155 -1,220/tonne FCA.
Negotiations over June shipments of PP random copolymers were
held in the range of €1,200-1,260/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.
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