Spot domestic prices PP polypropylene China far stable - Arhive

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Spot prices of PP in China are so far stable – Spot domestic prices PP polypropylene China far stable

Spot domestic prices PP polypropylene China far stableMOSCOW – Spot domestic prices for polypropylene (PP) in China remain stable, but may fall in the near future amid falling futures, ICIS reports citing market participants.

Spot offers on June 25 continued to be at the level of CNY8950-9050 per ton (USD1,375-1,390 per tonne), while prices in the futures market remained on a downward trend due to weak demand.

According to ICIS, on June 22, the price of Chinese PP for yarns and fibers in eastern China was CNY9025 per tonne, down by CNY290 per tonne or 1% compared to June 12.Spot domestic prices PP polypropylene China far stable

While the contract price of PP futures for September 2018 was agreed at CNY8,980 per tonne, which is 4% lower than the same time a year earlier against a background of weak demand.

According to the Price Review of ICIS-MRC , in Russia the demand for polypropylene by the second half of the month has noticeably decreased, many companies have already closed all their transactions and paused. On Monday, negotiations for the July deliveries of the Russian PP begin.

mrcplast.ru

Author:                Anna Larionova

Tags:     PP , PP-block , PP-homo , PP-Random , China , Russia .

Category:            General news

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