Polymerupdate News – Polypropylene (PP) prices firm up in Asia

PP prices surged in Asia this week. Higher energy costs coupled with a rise in propylene feedstock numbers and strong buying sentiments, prompted sellers to steer their offer prices higher.

Firmer PP futures on the Dalian Commodity Exchange in China further supported the price rise.
CFR Far East Asia prices of PP raffia and PP injection were assessed up at the USD 1070/mt levels, a week on week spike of USD 40/mt. PP film prices were assessed at the USD 1090/mt levels while BOPP prices were also assessed at the USD 1090/mt levels, both up USD 40/mt from the previous week. PP block copolymer prices were assessed higher at the USD 1110/mt levels, a gain of USD 30/mt on the week.
In China, a South Asian producer has sealed several deals for PP raffia and PP injection grades at the USD 1070/mt levels, for shipment in September 2017, on a CFR China Main port basis.

In South East Asia (SEA), PP raffia and PP injection prices were assessed higher at the USD 1120/mt CFR levels, a week on week increase of USD 10/mt. PP film prices were assessed at the USD 1140/mt levels while BOPP prices were also at the USD 1140/mt levels, both up USD 10/mt from the previous week. PP block copolymer prices were assessed higher at the USD 1160/mt CFR levels, a rise of USD 10/mt on the week.

In Vietnam, a Middle Eastern producer has sealed deals for PP raffia and PP injection grades at the USD 1120/mt levels, for shipment in September 2017, on a CFR HCM port basis.
In India, PP raffia and PP injection prices were assessed higher at the USD 1130/mt CFR levels, a week on week increase of USD 20/mt. PP film prices were assessed at the USD 1150/mt CFR levels while BOPP prices were also at the USD 1150/mt CFR levels, both up USD 20/mt from the previous week. PP block copolymer prices were higher at the USD 1160/mt CFR levels, a week on week rise of USD 10/mt.

In India, LyondellBasell, Saudi Arabia, has concluded deals for its PP raffia and PP injection grades at the USD 1130/mt levels, for shipment in September 2017.

In Bangladesh, PP raffia and PP injection prices were assessed up at the USD 1145/mt CFR levels, a rise of USD 5/mt on the week. PP film prices were assessed at the USD 1160/mt CFR levels while BOPP prices were also assessed the USD 1160/mt CFR levels, both up USD 10/mt from the previous week. PP block copolymer prices were steady at the USD 1190/mt CFR levels.

In Pakistan, PP raffia and PP injection prices were assessed higher at the USD 1130/mt CFR levels, a gain of USD 5/mt on the week. PP film prices were assessed at the USD 1155/mt CFR levels while BOPP prices were assessed also the USD 1155/mt CFR levels, both up USD 5/mt from the previous week. PP block copolymer prices were stable at the USD 1185/mt CFR levels.

In Sri Lanka, PP raffia and PP injection prices were assessed steady at the USD 1150/mt CFR levels. PP film prices were assessed at the USD 1160/mt CFR levels while BOPP prices were also assessed at the USD 1160/mt CFR levels, both unchanged from the previous week. PP block copolymer prices were stable at the USD 1190/mt CFR levels.

Feedstock propylene prices on Wednesday were assessed at the USD 915/mt CFR China levels while FOB Korea prices of propylene were assessed at the USD 870/mt levels, both up USD 10/mt from last week.

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