Published On: Sat, Oct 22nd, 2016

Polypropylene (PP) prices continue to climb in Asia

Polypropylene (PP) prices in this week gained in Asia.

A rise in upstream naphtha costs coupled with firmer propylene feedstock numbers and a lift in buying sentiments in the region, prompted sellers to steer their offer prices higher.

PP Prices

CFR Far East Asia prices of PP raffia and PP injection were assessed up at the USD 995/mt levels, a surge of USD 35/mt from the previous week. PP film prices were assessed at the USD 1015/mt levels while BOPP prices were also assessed at the USD 1015/mt levels, both spike USD 35/mt on the week. PP block copolymer prices were assessed higher at the USD 1070/mt levels, a sharp week on week rise of USD 30/mt.

In South East Asia (SEA), PP raffia and PP injection prices were assessed up at the USD 1020/mt CFR levels, a rise of USD 15/mt from last week. PP film prices were assessed higher at the USD 1040/mt levels, a week on week gain of USD 15/mt. PP block copolymer prices were assessed at the USD 1095/mt CFR levels, a rise of USD 25/mt from the previous week. BOPP prices were at the USD 1040/mt levels, up USD 15/mt on the week.

In India, PP raffia and PP injection prices were assessed higher at the USD 1030/mt CFR levels, a week on week increase of USD 10/mt. PP film prices were assessed at the USD 5/mt CFR levels while BOPP prices were also assessed at the USD 1050/mt CFR levels, both up USD 10/mt from the previous week. PP block copolymer prices were higher at the USD 1110/mt CFR levels, a week on week gain of USD 15/mt.

In Pakistan, PP raffia and PP injection prices were assessed up at the USD 1025/mt CFR levels, a week on week increase of USD 5/mt. PP film prices were assessed at the USD 1045/mt CFR levels while BOPP prices were assessed also the USD 1045/mt CFR levels, both up USD 5/mt from the previous week. PP block copolymer prices were higher at the USD 1095/mt CFR levels, a week on week rise of USD 5/mt.

In Sri Lanka, PP raffia and PP injection prices were assessed steady at the USD 1010/mt CFR levels while PP film prices were assessed unchanged at the USD 1030/mt CFR levels. BOPP prices were also assessed flat the USD 1030/mt CFRlevels. PP block copolymer prices were stable at the USD 1060/mt CFR levels.

In Bangladesh, PP raffia and PP injection prices were assessed flat at the USD 1030/mt CFR levels. PP film prices were assessed at the USD 1050/mt CFR levels while BOPP prices were also assessed the USD 1050/mt CFR levels, both unchanged week on week. PP block copolymer prices were stable at the USD 1080/mt CFR levels.

Feedstock propylene prices on Wednesday were assessed higher at the USD 895/mt CFR China levels, a sharp rise of USD 30/mt from the previous week. FOB Korea prices of propylene were assessed up at the USD 860/mt levels, a week on week surge USD 35/mt.

Open spec naphtha prices on Tuesday were at the USD 445/mt CFR Far East Asia levels, a week on week increase of USD 10/mt.

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