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Chinese players: Import PPBC supply is tight

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/04/2015 (10:43)
According to players in China, import PP block copolymer supplies are quite limited this week and only a limited number of offers have been reported so far. Availability constraints in Thailand and South Korea were cited as the major factors behind the lack of PPBC import cargoes.

A trader offering Thai PP block copolymer at $1400/ton CFR China, cash stated, “We heard prices for this material as low as $1290/ton last week, but prices are higher now because of tight supply. We are offering material from our existing stocks as South Korean and Thai producers are not giving fresh offers this week. We hear that two major Saudi Arabian producers are also unable to offer any PPBC these days.”

A distributor offering domestic PP block copolymer at CNY10600/ton ex-warehouse China, cash inc VAT ($1485/ton without VAT) commented, “We expect local PPBC prices to hit the CNY11000/ton ($1541/ton without VAT) threshold soon owing to a shortage of overseas cargoes.”
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