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Local PPBC prices move lower in China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/07/2015 (16:37)
According to a trader operating in Zhejiang, Chinese producers implemented decreases of around CNY200/ton ($32/ton) on their local PP block copolymer prices as of today. He stated, “Producers have agreed to some price reductions in the face of persistently limited demand as well as ample supplies.”

A player added, “New coal based capacities continue to keep PP prices under downward pressure. We feel that prices may are not likely to stabilize in the near term.”

In China, local PP block copolymer prices are currently reported in the range of CNY8200-9900/ton on an ex-warehouse China, cash equivalent basis ($1152-1391/ton without VAT).
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