News Code : 42730

• Suppliers reveal April offers with rollovers to increases • Trading moderate ahead of Ramadan • Buyers are shy from buying large volumes • Deals start concluding with decreases from initial levels • Local PP in S.Arabia ($/ton): Raffia and inj., 1130-1150 FD • Import PP in UAE ($/ton): Raffia and inj., 1190-1220 CIF

Petrotahlil:

Import PP sentiment remains firm in SEA

• Supplies from Mid-East, India remain tight 

• Strong crude oil futures support sentiment 

• China’s import PP market maintains firming 

• Vietnam’s local market up after two-week break 

• Local prices flat in Indonesia amid election lull

• Import homo-PP raffia, inj. ($/ton): 1150-1190 CIF

 

mport and local PP move in opposite directions in China

• Import raffia sees further supply-driven gains 

• Strong crude adds to firming in imports 

• Local raffia slightly softens after 2 weeks of firming 

• Domestic polyolefin supplies remain high 

• PP futures retreat CNY98 on week

• Import homo-PP raffia ($/ton): 1080-1160 CIF

 

PP retains its firmness ahead of possible new hikes for May in Europe

• More April deals closed with €20 hikes 

• PP may see again €20-30 increases in May 

• Rising upstream costs support firmer C3 outlook 

• Demand is calm ahead of Easter

• Local spot (€/ton): Homo-PP 1230-1320 | PPBC 1270-1370 FD

 

Small hikes pass on PP deals, firmer talks voiced for May in Italy

• April deals closed €20 higher 

• Only a few deals concluded with €30 hikes 

• Some PP outages remain in place in the market 

• Players voice early May expectations for further hikes 

• €20-30 increases awaited for May C3 on rising upstream

• Local spot (€/ton): Homo-PP 1180-1280 | PPBC 1230-1330 FD

 

May PP outlook hints at a mostly stable trend in Turkey

• Import PP stable after 4 straight months of firming 

• Players to meet in Domotex Fair on April 26-29 

• Absorbability of further hikes under discussion 

• An immediate supply ease seen unlikely

• Local ($/ton): Raffia 1550-1610 ex-warehouse 

• Import Saudi ($/ton): Raffia 1170-1180 | Fibre 1270-1290 CIF

 

Africa’s PP markets quiet amid slow activities

• April PP offers emerge firmer in Algeria 

• ELEME’s initial April PP offers unchanged 

• Demand fail to gain traction despite high season

• Imports in Algeria ($/ton): Homo PP 1230-1260 CIF 

• Imports in Kenya ($/ton): Homo PP 1200-1220 CFR

 

Local PP film offers maintain bullish run in Egypt

• Import deals wrapped stable from initial levels 

• Purchases restricted to need basis 

• Tight availability push local PP film prices higher 

• Liquidity issues prevail 

• Trading to retreat further on upcoming holidays

• Import PP ($/ton): Raffia 1180-1230 | Film 1210-1230 CIF

 

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