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Import PP prices see fresh drops in China: trader

by ChemOrbis Editorial Team -
  • 19/06/2015 (10:17)
A trader based in Ningbo reported that China’s import PP market witnessed fresh decreases owing to slowing activities ahead of the Dragon Boat Festival holiday. According to him, import PP prices for Thai and Indian origins posted decreases of $20/ton and $30/ton, respectively, on a weekly basis.

The trader reported receiving PP raffia and injection offers for Indian origins at $1200/ton on a CIF China, 30 days deferred payment basis. For PP block copolymer, they were offered Thai origins at $1240/ton and West European origins at $1270/ton, both on a CIF, 90 days deferred payment basis.

“We are not in a hurry to replenish our stocks as demand is limited ahead of the holiday. Plus, we feel that PPBC offers are still high,” the trader commented.

In China, import PP prices currently stand at $1194-1265/ton for raffia, at $1194-1270/ton for injection and at $1222-1415/ton for PP block copolymer, all on a CIF China, cash equivalent basis.
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