Europe PP December CIS export prices rise but to a lesser extent than propylene

MOSCOW (MRC)–European polypropylene (PP) producers have increased December prices for export of material into the CIS countries by a lesser level than that of the monthly propylene contract, according to the ICIS-MRC Price Report.

Negotiations on December prices of European PP began at the end of last week, with many European producers raising their export PP prices by €30/tonne. The European December propylene contract settled up by €32/tonne at €892/tonne.

But in the negotiation process, some PP producers agreed to limit the growth of prices by the value of €20/tonne.

Negotiations for December shipments of homopolymer propylene (homopolymer PP)  were done in the range of €1,010-1,100/tonne FCA (free carrier), whereas last month’s deals were done in the range of €990-1,080/tonne FCA.

Deals for block copolymers of propylene (PP block copolymers) were agreed in the range of €1,160-1,230/tonne FCA, down on average by €20/tonne from  November.

Negotiations over December shipments of statistical propylene copolymers (PP random copolymers) were held in the range of €1,210-1,270/tonne FCA.

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