MOSCOW (MRC) -- Total Petrochemicals & Refining USA, the US petrochemical major, has announced an increase of its polypropylene (PP) prices for August shipments in North America, the company said in letters to customers seen by S&P Global.
Thus, the price rise, effective 1 August, 2021, will be by 5 cent/lb or USD100/tonne or as current contracts allow.
The present price increase is in addition to any change in monomer pricing, Total said July 16.
As MRC reported earlier, Total Petrochemicals and Refining USA restarted all of its three PP units in La Porte as of 17 June 2021. At the same time, the force majeure (FM) at this plant with an annual capacity of 1.15 million tons/year remained in place as the company attempts to stabilize operating rates and build inventories ahead of the hurricane season. Total Petrochemical declared FM on its PP output after an abrupt loss of electricity supply during a severe weather condition.
According to MRC's ScanPlast report, PP shipments to the Russian market were 607,8900 tonnes in January-May 2021, up by 33% year on year. Shipments of homopolymer PP and PP block copolymers increased, whereas deliveries of PP random copolymers decreased.
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