Polymerupdate News - Polypropylene (PP) prices climb in FEA and SA
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Polypropylene (PP) prices climb in FEA and SA

Petrochemical industry | 14 Mar 2019 09:00 IST | Polymerupdate.com

=PP prices gained in the Far East and South Asian regions this week. Prices gained mainly on account of stronger import offers from overseas suppliers and deals concluded at higher price levels in the region. Reports of limited product availability further supported the price rise.

CFR Far East Asia, PP raffia and PP injection prices were assessed higher at the USD 1075/mt levels, both up USD 5/mt from the previous week. PP film prices were assessed at the USD 1095/mt levels, while BOPP prices were also assessed at the USD 1095/mt levels, both week on week increase of USD 5/mt. PP block copolymer prices were assessed steady at the USD 1120/mt levels.

In India, PP raffia and PP injection prices were at the USD 1120/mt levels, both up USD 10/mt from the previous week. PP film prices were at the USD 1150/mt levels, a week on week rise of USD 10/mt. BOPP prices were at the USD 1145/mt levels, while PP block copolymer prices were assessed at the USD 1160/mt CFR levels, both week on week increase of USD 10/mt.

In India, a Middle Eastern producer has offered its PP raffia and PP injection grades at the USD 1120-1130/mt levels, for shipment in March 2019.

In Sri Lanka, PP raffia and PP injection prices were at the USD 1140/mt CFR levels, both up USD 10/mt from the previous week. PP film prices were at the USD 1160/mt CFR levels while BOPP prices were also at the USD 1160/mt CFR levels, both up USD 10/mt from the last week. PP block copolymer prices were assessed higher at the USD 1180/mt CFR levels, a week on week rise of USD 10/mt.

In Pakistan, PP raffia and PP injection prices were at the USD 1160/mt CFR levels, both up USD 5/mt from the last week. PP film prices were at the USD 1190/mt CFR levels, while BOPP prices were also assessed at the USD 1190/mt CFR levels, both week on week rise of USD 5/mt. PP block copolymer prices were assessed steady at the USD 1200/mt CFR levels.

In Bangladesh, PP raffia and PP injection prices were assessed steady at the USD 1140/mt CFR levels. PP film prices were at the USD 1160/mt CFR levels, while BOPP prices were also at the USD 1160/mt CFR levels, both unchanged from the previous week. PP block copolymer prices were assessed steady at the USD 1180/mt CFR levels.

In South East Asia (SEA), PP raffia and PP injection grade prices were assessed stable at the USD 1120/mt levels. BOPP prices were at the USD 1140/mt levels, while PP film prices were also assessed at the USD 1140/mt levels, both unchanged from the previous week. PP block copolymer prices were assessed steady at the USD 1160/mt CFR levels.

Feedstock propylene prices on Tuesday were assessed at the USD 885/mt FOB Korea levels while CFR China prices of propylene were at the USD 900/mt levels, both down USD 25/mt from the previous week.
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