Published On: Fri, Nov 4th, 2016

Polypropylene (PP) prices rise 5-30$ in Asia

Despite a plunge in propylene feedstock rates, polypropylene (PP) prices firmed in Asia this week. Prices journeyed northward on the back of higher import offers from overseas suppliers coupled with persistent strong buying sentiments in major markets like China.

CFR Far East Asia prices of PP raffia and PP injection were assessed up at the USD 1040/mt levels, a sharp week on week gain of USD 30/mt. PP film prices were assessed at the USD 1060/mt levels while BOPP prices were also assessed at the USD 1060/mt levels, both up USD 25/mt on the week. PP block copolymer prices were assessed higher at the USD 1100/mt levels, a week on week rise of USD 20/mt.

PP prices

Polypropylene (PP) prices rise 5-30$ in Asia

In South East Asia (SEA), PP raffia and PP injection prices were assessed up at the USD 1050/mt CFR levels, a rise of USD 20/mt from last week. PP film prices were assessed higher at the USD 1070/mt levels, a week on week gain of USD 10/mt. PP block copolymer prices were assessed at the USD 1115/mt CFR levels, a rise of USD 15/mt from the previous week. BOPP prices were up at the USD 1070/mt levels, a week on week increase of USD 10/mt.

In India, PP raffia and PP injection prices were assessed up at the USD 1050/mt CFR levels, a week on week gain of USD 20/mt. PP film prices were also assessed at the USD 1070/mt CFR levels while BOPP prices were also at the USD 1070/mt CFR levels, both up USD 10/mt from the previous week. PP block copolymer prices were higher at the USD 1115/mt CFR levels.

In Pakistan, PP raffia prices were assessed up at the USD 1040/mt CFR levels, a week on week increase 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 up USD 10/mt from the previous week. PP block copolymer prices were higher at the USD 1100/mt CFR levels, a rise of USD 5/mt on the week. PP injection prices were steady at the USD 1040/mt CFR levels.

In Sri Lanka, PP raffia and PP injection prices were assessed up at the USD 1035/mt CFR levels, a rise of USD 10/mt from the previous week. PP film prices were assessed at the USD 1060/mt CFR levels while BOPP prices were also assessed the USD 1060/mt CFR levels, up USD 10/mt on the week. PP block copolymer prices were higher at the USD 1090/mt CFR levels, a week on week increase of USD 10/mt.

In Bangladesh, PP raffia and PP injection prices were assessed up at the USD 1040/mt CFR levels, a rise of USD 10/mt on the week. PP film prices were assessed higher at the USD 1050/mt CFR levels while BOPP prices were also assessed the USD 1050/mt CFR levels, both week on week up USD 10/mt. PP block copolymer prices were higher at the USD 1090/mt CFR levels, a gain of USD 10/mt from the previous week.

Feedstock propylene prices on Wednesday were assessed down at the USD 790/mt CFR China levels, a plunge of USD 50/mt from the previous week. FOB Korea prices of propylene were assessed lower at the USD 750/mt levels, a week on week slide of USD 55/mt.

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