Formosa Plastics December prices PP

Formosa Plastics intends to increase December prices of PP in the US by USD66 per ton Formosa Plastics December prices PP

Formosa Plastics December prices PP

MOSCOW – Taiwanese Formosa Plastics Corp. (FPC), a major global manufacturer of petrochemical products, intends to increase December polypropylene (PP) prices in the US by 3 cents per pound (USD66 per ton), ICIS reports, citing a letter to the company to customers.Formosa Plastics December prices PP

Prices will be increased from December 1, or as terms of contracts allow.

Other producers also separately announced a price increase of 2-3 cents per pound (USD44-66 per ton) for deliveries in November and December.

The November contracts for injection molding PP homopolymer in the United States were agreed at 69-73 cents per pound (USD1,518–1,606 per ton), while contracts for block copolymers PP were at 70-74 cents per pound (USD1,540 – 1,628 per ton).

The largest manufacturers of US PP are Braskem, ExxonMobil, Formosa, INEOS, LyondellBasell, Phillips 66 and Total Petrochemicals.Formosa Plastics December prices PP

According to ICIS-MRC’s Price Review , some sellers this week attempted to raise PP-Homo prices again, but in some cases, buyers refused to accept further price increases.

Formosa Plastics Corporation (FCP) is a major global chemical manufacturer headquartered in Taiwan.Formosa Plastics December prices PP

The company mainly produces polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and other petrochemical products.

Author:                Anna Larionova

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