News Code : 42529


PP sellers maintain firm stance in SEA, buyers resist

• Import PP stable to $10 higher on week

•Indonesian producer lifts local PP for 3rd week 

• Thai market slows down prior to elections, Songkran 

• Spot C3 prices continue to soften in Asia 

• Vietnam’s Nghi Son delays PP restart to late March

• Import homo-PP raffia, inj. ($/ton): 1110-1180 CIF


China’s PP market under pressure from opposite factors

• Raffia prices remain largely stable on week 

• High local inventories pull PP futures down 

• Demand remains limited to buyers’ needs 

• Low overseas supplies support import sentiment 

• Yuan strong amid positivity around trade talks with US

• Import homo-PP raffia ($/ton): 1050-1130 CIF


PP dealt with increases, sentiment remains firm in Europe

• PP market preserves its upward trend 

• €25-30 increases pass on initial March deals 

• Only a few sellers remain firm on larger hikes 

• SABIC to run maintenance at PP 5 plant in Gelsenkirchen, Germany 

• PP sentiment remains firm on Brexit concerns, spring cracker turnarounds

• Local spot (€/ton): Homo-PP 1210-1310 | PPBC 1260-1360 FD


Increases pass on PP despite calm demand in Italy

• Players start to close March deals €25-30 higher 

• Higher C3 supports increases in PP market 

• Many buyers are still sidelined 

• PP demand is calm amid comfortable supply 

• Early voices emerge for April

• Local spot (€/ton): Homo-PP 1170-1270 | PPBC 1220-1320 FD


March PP offers surface with hikes in Middle East

• Saudi major announces small increases to local market 

• Sentiment expected to improve before Ramadan 

• Higher costs support hikes 

• Purchases still kept to minimum amounts

• Local PP in S.Arabia ($/ton): Raffia and inj., 1130-1140 FD 

• Import PP in UAE ($/ton): Raffia and inj., 1180-1200 CIF


Turkey’s PP market sees widest fibre-raffia gap in almost a year

• Turkey’s premium over China hits $115 on average 

• Players: No supply relief on near horizon for fibre 

• High ends for homo-PP injection trimmed 

• Economic concerns prevail on volatile parity 

• Eyes to remain on pre-election lull, opposite factors in China

• Local ($/ton): Raffia 1550-1615 ex-warehouse 

• Import Saudi ($/ton): Raffia 1160-1180 | Fibre 1240-1280 CIF


PP markets in Africa steady to lower as supply outstrips demand

• Mid-Eastern producers announce mostly rollovers 

• Nigerian ELEME raises offers by up to NGN11,000 

• Suppliers complain of lack of activities

• Import PP in Nigeria ($/ton): Homo PP 1190 CFR 

• Import PP in Kenya ($/ton): Homo PP 1170-1200 CIF

Firm costs offset by higher EGP/USD in Egypt’s local PP market

• Import PP offers for March stable to $20 softer 

• Demand started showing signs of improvement 

• Local PP prices stable to softer by EGP100-500 

• Buyers adopt cautious stance amid cash flow issues

• Import PP ($/ton): Raffia 1170-1190 | Film 1190-1220 CIF


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