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Trader: Local PP, PE prices move lower in Philippines

by ChemOrbis Editorial Team -
  • 06/07/2015 (15:38)
According to a trader, local PP and PE prices opened the week with decreases in the Philippines. He stated that they are expecting to see further drops in the days ahead.

Local PP and PE prices are currently reported at PHP69000/ton ($1367/ton without VAT) for PP raffia and injection, at PHP70000/ton ($1386/ton without VAT) for PP film and at PHP68500/ton ($1357/ton without VAT) for LLDPE and HDPE film, all on an FD, cash basis. According to ChemOrbis Price Index, the current levels are indicating decreases of around PHP1000/ton ($22/ton) for PP and PHP1500-2500/ton ($33-55/ton) for PE when compared to two weeks ago.
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