Polymerupdate News - Polypropylene (PP) prices rise in FEA and SEA
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Polypropylene (PP) prices rise in FEA and SEA

Petrochemical industry | 04 Jul 2019 09:00 IST | Polymerupdate.com

PP prices this week, witnessed a rise in the Far East and South East Asian regions. The price rise, was triggered by stronger import offers, from overseas producers coupled with deals, concluded at higher price levels in the region.

CFR Far East Asia, PP raffia and PP injection prices were assessed at the USD 1035/mt levels, while PP film prices were assessed at the USD 1055/mt levels, both up USD 20/mt from the previous week. BOPP prices were also assessed at the USD 1055/mt levels, a week on week gain of USD 20/mt. PP block copolymer prices were assessed higher at the USD 1080/mt levels, a week on week increase of USD 20/mt.

In South East Asia (SEA), PP raffia and PP injection grade prices were assessed at the USD 1060/mt levels, a week on week rise of USD 10/mt. PP film prices were assessed at the USD 1075/mt levels, a gain of USD 10/mt from the last week. BOPP prices were assessed at the USD 1080/mt levels, while PP block copolymer prices were assessed at the USD 1095/mt CFR levels, both up USD 10/mt week on week.

In Sri Lanka, PP raffia and PP injection prices were assessed to be lower at the USD 1060/mt CFR levels, a sharp week on week drop of USD 30/mt. PP film prices were assessed at the USD 1090/mt CFR levels while BOPP prices were also assessed at the USD 1090/mt CFR levels, both down by USD 20/mt from the previous week. PP block copolymer prices were assessed to be lower at the USD 1110/mt CFR levels, a week on week decrease of USD 10/mt.

In Pakistan, PP raffia and PP injection prices were at the USD 1060/mt CFR levels, while PP film prices were at the USD 1095/mt CFR levels, a week on week fall of USD 10/mt. BOPP prices were assessed at the USD 1100/mt CFR levels, while PP block copolymer prices were assessed at the USD 1110/mt CFR levels, both down USD 10/mt from the previous week.

In Bangladesh, PP raffia and PP injection prices were assessed to be lower at the USD 1080/mt CFR level, a week on week drop of USD 20/mt. PP film prices were at the USD 1100/mt CFR levels, while BOPP prices were also at the USD 1100/mt CFR levels, both down USD 20/mt from the previous week. PP block copolymer prices were assessed to be lower at the USD 1120/mt CFR levels, a week on week fall of USD 20/mt.

Prices fell, on the back of weaker buying trends, lower import offers from overseas suppliers and deals, concluded at lower price levels in the above regions.

In India ,PP raffia and PP Injection prices were assessed to be stable at the USD 1075/mt levels. BOPP prices were also assessed to be steady at the USD 1110/mt levels. PP film prices were also assessed at the USD 1100/mt levels, while PP block copolymer prices were assessed at the USD 1130/mt levels, both unchanged from the previous week.

Feedstock propylene prices on Tuesday, were assessed at the USD 855/mt FOB Korea levels, a decline of USD 20/mt from the last week. CFR China prices of propylene, were at the USD 895/mt levels, a week on week fall of USD 5/mt.
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