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Import PPBC prices break below $1000/ton in China

by ChemOrbis Editorial Team -
  • 26/11/2015 (15:37)
A source from a Saudi Arabian producer reported that they reduced their PP block copolymer injection prices to $970/ton on a CFR China, cash basis. He commented, “We are willing to offer a $10/ton discount on our offers. We are expecting to see better demand in line with the recent gains in crude oil costs and higher futures prices. However, buyers remain cautious on their purchases. We believe that demand will not see any real improvement until after the Chinese New Year holidays.”

In China, overall import PP block copolymer injection prices are currently reported at $970-1044/ton on a CIF, cash equivalent basis.
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