Gap between PP raffia and fibre reaches $100 in Turkey
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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East