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Import PP prices post declines in China

by ChemOrbis Editorial Team -
  • 27/05/2015 (18:29)
Players in China report that import PP prices to the country have moved week over week in accordance with limited buying interest. A trader commented, “Sentiment has softened since the beginning of the week and prices have dropped around $20-50/ton.” The trader said that they received an offer for Indian material at $1300-1315/ton CFR China, 90 days deferred payment. Another trader offering Saudi homo-PP at $1330/ton CFR, cash commented, “Demand is not doing well these days and we considering re-exporting our material to the Southeast Asian market.”

Import homo-PP injection and raffia prices currently stand at $1280-1350/ton CFR China, cash equivalent basis, $10-40/ton below last week’s levels.
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