The only Brazilian manufacturer of polyolefins, Braskem, raises PP prices for supplies to the US in August by USD66 per tonne, ICIS reports.
Polypropylene prices are under increasing pressure due to rising spot prices for raw materials and supply problems arising from some production downtime.
Earlier it was reported that Braskem raises the prices of PE and PP for deliveries in July amid rising quotations of raw materials. Prices Prices for homopolymers and copolymers of PP increased by USD94 per ton.
According to ScanPlast of Market Report, the estimated PE consumption in Russia amounted to 595.17 thousand tons in the first five months of this year, which is 10% more than the same indicator a year earlier. Deliveries of all ethylene polymers increased, except for linear polyethylene (LDL), including due to an increase in capacity utilization at ZapSibNeftekhim. Deliveries of PP to the Russian market in January – May 2020 amounted to 457.93 thousand tons (calculated by the formula production minus export plus import). Deliveries of exclusively propylene stat copolymers (PP random) increased.
Located in São Paolo, Braskem is a leading Brazilian petrochemical company and the main producer of polyethylene and polypropylene in the country. The company owns the largest petrochemical facilities in Latin America and is the fifth largest petrochemical product in the world. Braskem operates 18 chemical plants with a production capacity of more than 11 million tons of chemical and petrochemical products per year.
Major US polypropylene manufacturers include Braskem, ExxonMobil, Formosa, INEOS, LyondellBasell, Phillips 66 and Total Petrochemicals.