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Polypropylene (PP) prices edge higher in FEA

Petrochemical industry | 08 Mar 2018 09:00 IST | Polymerupdate.com

Polypropylene (PP) prices inched higher in Far East Asia.

CFR Far East Asia prices of PP raffia and PP injection were assessed up at the USD 1230/mt levels, a week on week increase of USD 10/mt. PP film prices were assessed at the USD 1240/mt levels while BOPP prices were also assessed at the USD 1240/mt levels, both up USD 10/mt from the previous week. PP block copolymer prices were assessed higher at the USD 1260/mt levels, a gain of USD 10/mt on the week. Prices gained on the back of improved buying interest and gains recorded in PP futures on the Dalian Commodity Exchange in China.

In South East Asia (SEA), PP raffia and PP injection prices were assessed stable at the USD 1310/mt CFR levels. PP film prices were assessed at the USD 1330/mt levels while BOPP prices were also at the USD 1330/mt levels, both unchanged from the previous week. PP block copolymer prices were assessed steady at the USD 1340/mt CFR levels.

In India, PP raffia and PP injection prices were assessed steady at the USD 1350/mt CFR levels. PP film prices were assessed at the USD 1370/mt CFR levels while BOPP prices were also at the USD 1370/mt CFR levels, both unchanged week on week. PP block copolymer prices were stable at the USD 1380/mt CFR levels.

In India, Orpic, Oman has revised its offers lower for PP raffia and PP injection grades from the USD 1390/mt to the USD 1360/mt levels, for shipment in March 2018.

In Pakistan, PP raffia and PP injection prices were assessed stable at the USD 1400/mt CFR levels. PP film prices were assessed at the USD 1430/mt CFR levels while BOPP prices were assessed also the USD 1430/mt CFR levels, both unchanged from the previous week. PP block copolymer prices were steady at the USD 1450/mt CFR levels.

In Bangladesh, PP raffia and PP injection prices were assessed flat at the USD 1360/mt CFR levels. PP film prices were assessed at the USD 1400/mt CFR levels while BOPP prices were also assessed the USD 1400/mt CFR levels, both unchanged from the previous week. PP block copolymer prices were stable at the USD 1420/mt CFR levels.

In Sri Lanka, PP raffia and PP injection prices were assessed steady at the USD 1360/mt CFR levels. PP film prices were assessed at the USD 1380/mt CFR levels while BOPP prices were also assessed at the USD 1380/mt CFR levels, both unchanged from the previous week. PP block copolymer prices were flat at the USD 1400/mt CFR levels.

Feedstock propylene prices on Tuesday were assessed at the USD 1040/mt FOB Korea levels while prices of propylene were at the USD 1095/mt CFR China levels, both unchanged week on week.
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