The initial propylene price in Europe was agreed at the level of EUR650 for deliveries in June per tonne, which is above the EUR15 price level in May, according to ICIS.

The original price was agreed upon one of the major manufacturers and three of its clients. Two deals have already been confirmed.

Terms of delivery – FD NWE (North-West Europe).

As reported earlier MRC, the May contract price of propylene in Europe was agreed at EUR 15 per tonne higher than in April. Against this background, many European manufacturers have announced a proportional increase in the May export prices of polypropylene (PP) for the CIS markets.