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Traders: S. Korean sellers step back on their PPBC prices to China

by ChemOrbis Editorial Team -
  • 02/04/2015 (18:12)
According to traders in China, South Korean sellers have stepped back on their offers for PP block copolymer in the face of resistance from buyers. Offers for South Korean PPBC, which stood at $1400-1410/ton CFR China, cash equivalent basis last week, have come back down to currently be reported at $1360/ton with the same terms. The overall range for both dutiable and non-dutiable PP block copolymer origins currently stands at $1350-1370/ton CFR China, cash equivalent basis.

A trader who reported receiving an offer for South Korean PPBC at $1360/ton CFR stated, “Our supplier had been offering at $1400/ton last week, but they had to step back to $1360/ton as their initial offers met resistance from buyers. Trading activity remains slower than expected even at these new offer levels.” The same trader reported receiving an offer for non-dutiable Southeast Asian PPBC at $1370/ton CFR.
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