The September contract price of propylene in Europe was agreed at EUR40 per tonne higher than the level of August. Against this background, European manufacturers have announced a proportional propylene growth in export prices of polypropylene (PP) for supplies to CIS markets in September, according to the Price Review of ICIS-MRC.

Negotiations on the September level of European PP prices began this week, many market participants note that European producers have gone on to increase PP export prices because of the growth in the cost of the monomer in the region. There are no export restrictions for some of the European manufacturers, some manufacturers still have restrictions due to production stops. There is also an increased demand for polypropylene by certain CIS countries.

Transactions regarding the September supply of homopolymer propylene (PP-homo) are discussed in the range EUR1 040-1100 per tonne, FCA, which is EUR40 per ton higher than the August level.

Transactions regarding the supply of propylene block copolymers (PP block) are discussed in the EUR1 140 -1 200 per tonne range, FCA. Negotiations on the September shipments of propylene-stat-copolymers (PP-random) are conducted within EUR1 200-1 260 per tonne, FCA