Polypropylene (PP) prices witness a rise in FEA, SEA and India
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Polypropylene (PP) prices witness a rise in FEA, SEA and India

On Thursday, December 20, 2018 at 09:00 IST

Polypropylene prices gained in Far East Asia, South East Asia and India, this week. The price rise was mainly on account of a lift in buying sentiments in the region coupled with higher import offers from overseas suppliers.

CFR Far East Asia, PP raffia and PP injection prices were assessed at the USD 1040/mt levels, both up USD 10/mt on the week, PP film prices were at the USD 1070/mt levels, a week on week increase of USD 10/mt. PP block copolymer prices were assessed at the USD 1080/mt levels, while in BOPP prices were at the USD 1055/mt levels, both up USD 10/mt from the previous week.

In South East Asia (SEA), PP raffia and PP injection grade prices were assessed at the USD 1080/mt levels, a week on week rise of USD 10/mt. BOPP prices were at the USD 1100/mt levels, PP film prices were also assessed at the USD 1100/mt levels, both up USD 10/mt from the previous week. PP block copolymer prices were assessed higher at the USD 1120/mt CFR levels, a gain of USD 10/mt on the week.

In India, PP raffia and PP injection prices were at the USD 1070/mt levels, a week on week gain of USD 10/mt. PP film prices were at the USD 1100/mt levels while BOPP prices were also at the USD 1100/mt CFR levels, both up USD 10/mt from the previous week. PP block copolymer prices were at the USD 1110/mt CFR levels, a week on week increase of USD 10/mt.

In India, a Middle Eastern producer has concluded deals for PP raffia and PP injection grades at the USD 1070/mt levels, for January 2019 shipment.

In Bangladesh, PP raffia and PP injection prices were assessed higher at the USD 1090/mt CFR levels, a week on week rise of USD 10/mt. PP film prices were at the USD 1110/mt CFR levels, a gain of USD 10/mt on the week. BOPP prices were at the USD 1110/mt CFR levels, while PP block copolymer prices were at the USD 1140/mt CFR levels, both up USD 10/mt from the previous week.

In Pakistan, PP raffia and PP injection prices were assessed steady at the USD 1120/mt CFR levels. PP block copolymer prices were stable at the USD 1170/mt CFR levels. PP film prices were at the USD 1140/mt CFR levels, while BOPP prices were also at the USD 1140/mt CFR levels, both unchanged from the previous week.

In Sri Lanka, PP raffia and PP injection prices were steady at the USD 1100/mt CFR levels. PP block copolymer prices were assessed stable at the USD 1160/mt CFR levels. PP film prices were at the USD 1120/mt CFR levels while BOPP prices were also at the USD 1120/mt CFR levels, both unchanged from the previous week.

Feedstock propylene prices on Tuesday were assessed at the USD 865/mt FOB Korea levels while CFR China prices of propylene were at the USD 930/mt levels, both unchanged week on week.

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