Europe Sept PP export prices into CIS markets up €40/tonne

07 September 2017 10:51 Source:ICIS News

MOSCOW (MRC)--European export prices for polypropylene (PP) into the CIS markets rose by €40/tonne in line with the September propylene contract settlement, according to ICIS-MRC Price Report.

Negotiations over PP September prices began this week.

There are no export restrictions for some European producers but a few are still limited due to production shutdowns.

Demand for PP was also strong from some CIS countries.

Deals for homopolymer PP are discussed in a range of €1,040-1,100/tonne FCA (free carrier), on average up by €40/tonne from August.

Deals for copolymers of propylene (PP block copolymers) are discussed in the range of €1,140 -1,200/tonne FCA.

Negotiations over September shipments of PP random copolymers are 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.

By Sergey Karaichentsev