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Indian homo-PP prices break below a new threshold in China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/07/2015 (16:39)
A trader operating in China reported that import homo-PP offers for Indian origins broke below a new threshold this week. The trader received an offer for Indian homo-PP raffia at $1100/ton on a CIF China, 60 days basis. On CIF, cash equivalent basis, this level comes to around $1089/ton.

The trader commented, “We feel that import homo-PP prices still have room to decrease as local offers for coal based PP keep declining.”

In China, overall import homo-PP raffia prices are currently reported at $1089-1200/ton on a CIF, cash equivalent basis. Within this range, Saudi homo-PP stands at a range of $1130-1200/ton with the same terms.
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