PP prices edged lower in Asia this week despite higher propylene feedstock rates. The price fall in PP was on account of persistent sluggish buying trends across the Asian region.
CFR Far East Asia prices of PP film prices were assessed down at the USD 920/mt levels, a week on week fall of USD 5/mt. BOPP prices were assessed at the USD 920/mt levels, a drop of USD 5/mt from the previous week. PP block copolymer prices were assessed down at the USD 995/mt levels, a fall of USD 5/mt on the week. PP raffia and PP injection were assessed steady from last week at the USD 900/mt levels.
In South East Asia (SEA), PP raffia and PP injection prices were assessed lower at the USD 950/mt CFR levels, a week on week decline of USD 5/mt. PP film prices were assessed at the USD 980/mt levels while BOPP prices were at the USD 980/mt levels, both down USD 5/mt from the previous week. PP block copolymer prices were assessed lower at the USD 1020/mt CFR levels, a week on week drop of USD 5/mt.
In South Asia including India, PP raffia and PP injection prices were assessed down at the USD 980/mt levels, a decline of USD 15/mt on the week. PP film prices were assessed at the USD 1000/mt levels while BOPP prices were assessed the USD 1000/mt levels, both down USD 15/mt from the previous week. PP block copolymer prices were stable from last week at the USD 1070/mt levels.
Feedstock propylene prices on Wednesday were assessed at the USD 735/mt CFR China levels, a week on week gain of USD 5/mt. FOB Korea prices of propylene were assessed at the USD 700/mt levels, a rise of USD 5/mt from the previous week.
Website:www.polymerupdate.com
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