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Turkish players: HIPS buyers shift to PP raffia

by ChemOrbis Editorial Team -
  • 07/10/2016 (17:07)
Turkish players report that an increasing number of HIPS buyers shifted to PP raffia recently citing much more competitive prices being available for this product in the market. According to ChemOrbis Price Index, the locally-held homo PP raffia market currently trades at a discount of $150/ton compared to HIPS.

Source: ChemOrbis Price Wizard

A PS trader stated, “We received better GPPS demand compared to the previous weeks. However, buying interest for our HIPS materials slowed down as more converters prefer to turn to PP raffia instead citing the large gap between the two products.” Another seller opined, “Buying interest turned from HIPS to PP raffia which makes raffia supply relatively limited compared to injection and fibre.”

Overall, the local GPPS range was steady week over week at $1420-1520/ton ex-warehouse Turkey, cash inc VAT, while HIPS prices softened $10/ton on the low end at $1460-1540/ton with the same terms. The prevailing homo PP raffia range is at $1300-1350/ton FD, cash inc VAT, with no changes from last week. A manufacturer purchased some material on the way at $1280/ton this week.
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