Market Dynamics
PP prices continued to grow in Russian market
Time: 2014-04-16 Source from: mrcplast
MOSCOW (MRC) - Prices for polypropylene (PP) in the Russian market have increased this week again. The situation was aggravated by the temporary restrictions of truck movement in many regions, according to ICIS-MRC Price Report.
Many Russian producers announced increase in contract PP prices for April delivery of Rb500-2,000/tonne in the last week of March. SIBUR (parent group of Tomskneftehim, Tobolsk-Polymer and Neftekhimiya (Kapotnja) has announced another increase in PP prices of Rb1,000/tonne this week. The situation is aggravated by the increase in the transportation fees in many regions of Russia.