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Import homo-PP prices break below $800/ton in China

by ChemOrbis Editorial Team -
  • 18/12/2015 (04:25)
In China, import homo-PP prices witnessed fresh decreases over the past week to drop below the $800/ton threshold for the first time since January 2009. According to data from ChemOrbis Price Index, China’s homo-PP market has been steadily following a decreasing trend since mid-May while prices on a weekly average basis have lost around $500/ton since then.

A trader operating in Xiamen reported offering homo-PP raffia for a Russian origin at $790/ton on a CFR China, cash basis. He commented, “Demand is quite subdued as buyers are reluctant to purchase beyond their immediate needs due to their expectations for additional reductions. We are also hesitant to build any extra stocks as we feel that it is risky to replenish at the moment as the decreasing trend is likely to continue over the short term.”

In China, overall import homo-PP raffia and injection prices are currently reported at $790-860/ton on a CFR, cash equivalent basis.
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