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Europe September PP export prices to the CIS markets fall
Export polypropylene (PP) prices for September shipments to the CIS markets have fallen, according to the ICIS-MRC Price report.
The reduction follows a decrease in the September propylene contract price which settled down by €50/tonne from the previous month.
All market participants said European producers reduced their export prices of propylene polymers for this month¡¯s shipments, but in some cases, the decrease was less than the cut in European propylene.
Deals for September shipments of propylene homopolymers (homopolymer PP) were discussed in the range of €1,005-1,055/tonne FCA (free carrier), down by €30-50/tonne from August.
Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of €1,090-1,130/tonne FCA, also down by an average of €30-50/tonne.
Some European producers had restrictions for export shipments, but they were not critical for most buyers. Consumers partially met their needs for PP due to deliveries from the Middle East.