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Import PP dealt lower at $1000 threshold in China

by ChemOrbis Editorial Team -
  • 12/01/2017 (14:59)
Players reported import deals this week in China at $1000/ton CFR for Indian and US origins, forming the low end of the overall import range and representing a weekly decrease of $30/ton. This level was not seen since late November. The PP market has been volatile in the past few months as import prices fell in November, turned up in December while they have come back down in January.

The slowdown in the PP market ahead of the upcoming Chinese New Year played a role in the recent softening. According to ChemOrbis Price Index, average import PP prices have posted a cumulative decrease of $34/ton so far in January.
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