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Spot prices of polypropylene (PP) in the European market declined, as import volumes were offered at lower prices, and the July contract price of propylene was set at a decrease from the level of June, ICIS sources told the market.<\/p>\nSpot prices of polypropylene (PP) in the European market declined, as import volumes were offered at lower prices, and the July contract price of propylene was set at a decrease from the level of June, ICIS sources told the market.<\/p>\n
Some market sources reported prices lower than EUR1,000 per tonne, FD NWE (with delivery to North-West Europe), but others doubted whether supplies were made at these prices, suspecting that prices were called on CIF delivery terms, not including Payment of duty and delivery to the client.<\/p>\n
Most of the proposed volumes were material supplied from South Korea, which is not subject to duty.<\/p>\n
The decrease in the contract price of raw materials – propylene – by EUR50 per tonne for July supplies, which was installed last week, also increased pressure on the market.<\/p>\n
According to the Price Review of ICIS-MRC, in the Russian market, the PP market for material in the last week of June fell noticeably, many companies closed all their deals a week earlier and took a break until July. The demand for PP increased in June. Talks on the July contract prices of the Russian PP started. Some manufacturers prolonged the June PP prices, some manufacturers do not exclude the decline in PP-homo prices to 1 thousand rubles. Per ton.<\/p>","protected":false},"excerpt":{"rendered":"
Spot prices of polypropylene (PP) in the European market declined, as import volumes were offered at lower prices, and the July contract price of propylene was set at a decrease from the level of June, ICIS sources told the market. Some market sources reported prices lower than EUR1,000 per tonne, FD NWE (with delivery to […]<\/p>\n