European PP prices for CIS countries remain flat in November

MOSCOW (MRC)–The  Europe propylene contract price  was agreed down €10/tonne in November, however, practically all European producers announced a roll-over of October export polypropylene (PP) prices for November shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over November prices of European PP began last week, with all market participants reporting producers’ desire to maintain their export prices of propylene polymers at the last month’s level, despite the €10/tonne decrease in  propylene prices in the region.

At the same time, one producer raised its prices by €20/tonne, affecting the lower price limit.

Deals for November shipments of homopolymer PP were discussed in the range of €1,185-1,240/tonne FCA (free carrier), which virtually corresponds to October with the exception of the lower limit of the prices.

Deals for block propylene copolymers (PP block copolymers) were discussed in the range of €1,250-1,310/tonne FCA, while, in October, deals were done in the range of €1,230-1,310/tonne FCA.

Many companies reported no restrictions on this month’s PP exports.

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