Published On: Fri, Nov 18th, 2016

Polypropylene (PP) prices down adjust in FEA and SEA

This week, polypropylene (PP) prices dropped in Far East and South East Asia regions. Prices fell as buying trends weakened significantly in the region.

CFR Far East Asia prices of PP raffia and PP injection were assessed down at the USD 1030/mt levels, a week on week fall of USD 10/mt. PP film prices were assessed at the USD 1050/mt levels while BOPP prices were also assessed at the USD 1050/mt levels, both decline USD 10/mt from the previous week. PP block copolymer prices were assessed down at the USD 1090/mt levels, a week on week drop of USD 10/mt.

PP prices

Polypropylene (PP) prices down adjust in FEA and SEA

In South East Asia (SEA), PP raffia and PP injection prices were assessed down at the USD 1030/mt CFR levels, a fall of USD 10/mt from last week. PP film prices were assessed at the USD 1050/mt levels, a week on week drop of USD 10/mt. PP block copolymer prices were assessed at the USD 1100/mt CFR levels, a decline of USD 10/mt from the previous week. BOPP prices were down at the USD 1050/mt levels, a week on week fall of USD 10/mt.

In India, PP film prices were also assessed down at the USD 1070/mt CFR levels while BOPP prices were also at the USD 1070/mt CFR levels, both decline USD 10/mt from the previous week. PP block copolymer prices were down at the USD 1110/mt CFR levels, a week on week fall of USD 10/mt. PP raffia and PP injection prices were assessed stable at the USD1050/mt CFR levels. Supporting the price fall was extremely quiet regional demand sentiments following the demonetization of 500 and 1000 rupee notes announced by the Indian Government.

In Pakistan, PP raffia and PP injection prices were assessed down at the USD 1040/mt CFR levels, a week on week fall of USD 5/mt. PP film prices were assessed at the USD 1070/mt CFR levels while BOPP prices were assessed also the USD 1070/mt CFR levels, both down USD 5/mt from the previous week. PP block copolymer prices were lower at the USD 1100/mt CFR levels, a drop of USD 5/mt on the week.

In Sri Lanka, PP raffia and PP injection prices were assessed up at the USD 1040/mt CFR levels, a week on week rise of USD 5/mt. PP film prices were assessed at the USD 1060/mt CFR levels while BOPP prices were also assessed the USD 1060/mt CFR levels, both unchanged on the week. PP block copolymer prices were stable at the USD 1090/mt CFR levels.

In Bangladesh, PP raffia and PP injection prices were assessed steady at the USD 1050/mt CFR levels. PP film prices were assessed at the USD 1070/mt CFR levels while BOPP prices were also assessed the USD 1070/mt CFR levels, both unchanged week on week. PP block copolymer prices were stable at the USD 1100/mt CFR levels.

Feedstock propylene prices on Wednesday were assessed at the USD 800/mt CFR China levels while FOB Korea prices of propylene were assessed at the USD 755/mt levels, both unchanged week on week.

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