Holidays

Advertising

Events Gallery ^NEW

Welcome Guest

Home

News

Prices

Reports

News & Prices of PP - PolyPropylene

For real time updates on News & Price Analysis Kindly contact us at info@polymerupdate.com
Tel: (91-22) 30408821 - 25

PP Prices

PP prices - April 4th,2011

Date	Grade	**India	South Korea	Singapore	Thailand	Japan	Saudi Arabia
04-Apr-2011	Raffia	90.20	1710	1700	1700	1720	1710
04-Apr-2011	Injection	86.30	1710	1700	1700	1720	1710
04-Apr-2011	TQ Film Homopolymer	87.50	1730	1730	1730	1740	1730
04-Apr-2011	Block Copolymer	90.90	1800	1810	1810	1810	-
04-Apr-2011	Random Copolymer	92.50	1880	1870	1880	1890	-
04-Apr-2011	BOPP Homopolymer	89.10	1720	1700	1730	1730	-

Denotes no change in Prices

Denotes a decline in Prices

Denotes an increase in Prices

All prices are in USD per M/T CNF India **Indian producer prices are in Rs./Kg basic

Asian Market News of PP

Prices of PP firm up in Asia - Mar 11, 2011 [15:40]

PP prices firmed this week in Asia. Prices climbed on the back of stronger upstream propylene prices coupled with rising worries about a regional availability tightness. PP injection and PP raffia grade prices were assessed up at the USD 1620/mt CFR Far East Asia levels while PP block copolymer prices were assessed up at the USD 1690/mt levels. On a CFR South East Asia basis, PP injection and PP raffia grade prices were assessed at the USD 1680/mt levels while PP block copolymer prices were assessed up at the USD 1715/mt CFR South East Asia levels. In India, local producers hiked their prices of PP this week. An across the board hike of Rs 2/kg was announced. In China, where availability of PP is tight, local prices are on the march higher. Local petrochemical producer Sinopec is reported to have revised upward its PP prices this week. Ex work prices were increased by Yuan 400/mt to Yuan 12,800/mt levels.

Middle East Market Prices of Polypropylene Injection/Raffia

Means of Delivery	Prices in USD/mt		Change
	4-3-11	7-3-11
FOB Middle East	1555-1560	1575-1580

Denotes no change in Prices

Denotes a decline in Prices

Denotes an increase in Prices

European Market News of PP

PP prices gallop higher in Europe - Mar 7, 2011[13:10 ]

Prices of polypropylene (PP) galloped higher in Europe last week. Prices firmed on the back of gains recorded in upstream propylene prices with contracts for March settling at the Euro 1185/mt FD North West Europe mark, up Euro 80/mt from February levels. With feedstock rates up, homopolymer injection moulding contract prices of PP were assessed up at the Euro 1530/mt FD North West Europe and FD Italy levels. PP copolymer contract prices were assessed up at the Euro 1580/mt FD North West Europe and FD Italy levels. With demand firm, sellers were confident of further steering their rates higher, owing to the surge in global energy prices and rising prices of naphtha. In the spot markets, PP homopolymer prices were assessed up at the Euro 1380/mt FD North West Europe mark while PP copolymer prices were assessed at the Euro 1450/mt FD North West Europe levels. Turkish producer Petkim is reported to have hiked its prices of PP by USD 50/mt with PP injection moulding prices up at the USD 1850/mt FCA Aliaga mark.

European spot Market Prices of Polypropylene Homopolymer

Means of Delivery	Prices		Change
	9-3-11	10-3-11
FD NWE	1380-1390	1380-1390

Denotes no change in Prices

Denotes a decline in Prices

Denotes an increase in Prices

US Market News of PP

Propylene prices weaken in the US markets - Oct 6, 2009 [10:15 ]

Ethylene prices continued to dip in Asia. Prices last Friday tumbled, sliding over USD 20/mt on the day in both North East and South East Asia. CFR North East Asia prices were assessed down at the USD 780/mt levels while CFR South East Asia prices were assessed down at the USD 875/mt levels. FOB Korea prices of ethylene were assessed at the USD 775/mt levels. Sellers attributed the steep plunge to ample regional availability and low demand across Asia. Falling prices of downstream PE added to the bearish pressures, prompting would be buyers to maintain a safe distance from the markets. With China on holiday, the buying pulse further weakened late week. China emerged as an exporter of ethylene as Chinese producers came forward with their offers in an effort to reduce inventories ahead of the holiday start. When contacted this morning, an ethylene buyer in South East Asia said to a polymerupdate team member, “ we have ample availability of ethylene in our region at the current time. There have been a flood of shipments from the North East Asian region to South East Asia and this has pushed spot regional prices of ethylene lower. Also bearish for prices is the return of Iranian ethylene offers which have eased all concerns of shortages in the near term. We are in no hurry to purchase anymore ethylene and even when the need arises to purchase cargo, we have ample options available.” Meanwhile, HDPE film prices were assessed down at the USD 1130/mt CFR Far East Asia levels, while LDPE prices were assessed down at the USD 1185/mt CFR Far East Asia levels. LLDPE prices were assessed at the USD 1150/mt CFR Far East Asia levels.

US Market Prices of Polypropylene Homopolymer