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Gap between PP raffia and fibre reaches $100 in Turkey

by ChemOrbis Editorial Team -
  • 13/05/2016 (10:35)
Import PP raffia prices in Turkey have posted larger decreases when compared to fibre since the softening trend kicked off in late April. According to ChemOrbis Price Index, import PP raffia prices have lost $46/ton on average while fibre prices have fallen $26/ton on average in this timeframe.

This week, the gap between these two products has risen up to $100/ton for some origins in the import market. Middle Eastern raffia is reported at $1010-1040/ton and fibre is reported at $1100-1140/ton, all CIF, cash, subject to 6.5% duty. As for Iran, raffia is offered at $1050/ton while fibre is reported at $1130-1145/ton, all CPT, cash, subject to 6.5% duty.

Sellers concur that raffia demand has been showing a much weaker performance and availability is rather sufficient for this product. “Buyers secured sufficient amounts of materials in February, March and April. As there are still cargoes on the way, sack and big bag manufacturers are not rushing to buy these days,” said a trader.
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