Import PP prices continue to slide in China
A trader who reported receiving an offer for Middle Eastern raffia at $900/ton CFR stated, “Demand remains limited and this is keeping prices under downward pressure. We do not expect to see any major turnaround in the market over the short term.” Another trader reported receiving offers for Indian raffia at $930/ton CFR. “Availability for Indian origins is comfortable while demand is sluggish, which we believe is likely to result in further price declines over the short term,” the trader added.
Chinese sellers continue to maintain an active interest in export and re-export possibilities, with exports offers for Chinese raffia being reported in the range of $925-980/ton FOB China, cash.
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