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Import PPBC prices face downward pressure in China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/06/2015 (17:56)
In China, competitive prices for domestic coal based PP cargoes and disappointing demand are exerting downward pressure on import PP block copolymer prices. Data from ChemOrbis Price Index shows that domestic PP block copolymer is currently trading with a $65/ton discount to import prices.

A Ningbo-based trader who received PPBC prices at $1330/ton CFR, cash for a Malaysian origin and at $1330/ton CFR, 90 days basis for a Saudi origin commented, “PP block copolymer prices are being weighed down by stagnant demand as well as competitively-prices local coal based PP materials.”

Import PPBC prices for both dutiable and non-dutiable origins decreased $10-40/ton week over week to be currently reported at $1310-1470/ton on a CFR China, cash equivalent basis.
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