News Code : 42933

•Saudi raffia sees below $1200 CIF. •Buyers to shut factories during Eid holiday. •Local raffia plunges $45 on low end amid low season. •Irregular import PP fibre talked at attractive prices. •Traders: High crude might keep softening in check. •Eyes on rebounding local prices in China. •Local ($/ton): Raffia 1500-1565 inc VAT. •Import Saudi ($/ton): Raffia 1170-1210 | Fibre 1270-1290 CIF.

Petrotahlil:

Egypt's local PP market extends losses on weak activities
• Import PP offers stable for 2nd week 
• Local inj. prices stable; raffia, film steady to EGP300 softer 
• Slow demand persists amid tight liquidity, poor final sales 
• Stable to soft expectations for June in import market
• Import PP ($/ton): Raffia 1170-1220 | Film 1210-1230 CIF
 
 
Africa PP prices firm despite subdued demand
• May PP offers revealed steady in North Africa 
• Restricted supplies support bullish trend 
• Ramadan lull keeps demand limited
• Imports in Algeria ($/ton): Homo PP 1230 CIF 
• Imports in Tunisia ($/ton): Homo PP 1070 CFR
 
 
Middle Eastern PP players await June offers
• May PP deals concluded steady to softer 
• Poor market sentiment persists 
• Approaching Eid holidays keep demand limited
• Local PP in S.Arabia ($/ton): Raffia and inj. 1140-1150 FD 
• Import PP in UAE ($/ton): Raffia and inj. 1190-1210 CIF
 
 
Will PP uptrend come to an end in Italy for June?
• Players wait for June C3 contracts 
• May business mostly concluded €20 up 
• Players at odds about fresh hikes in June PP prices 
• Sellers foresee small rises of €10-30 on PP and C3 contract 
• Buyers: June outlook is stable on tepid demand, sufficient supply
• Local spot (€/ton): Homo-PP 1200-1300 | PPBC 1250-1350 FD
 
 
PP di giugno atteso da stabile a in rialzo in Europa, occhi su C3
• Più trattative PP riportate in rialzo di €20 per maggio 
• Domanda PP non è spettacolare, offerta resta sufficiente 
• Prezzi di giugno potrebbero registrare rollover o piccoli rialzi 
• C3 atteso in leggero rialzo per giugno
• Spot locale (€/ton): PP omo 1240-1340 | PPBC 1300-1390 FD
 
 
Local PP prices cautiously rebound on lower supply in China
• Local raffia up CNY100 on week 
• Polyolefin supplies lessen inside China 
• Buying sentiment improves in local market 
• Sustainability of rebound under discussion 
• Import raffia flat on tight supply, parity risks
• Import homo-PP raffia ($/ton): 1100-1170 CIF

 

PP remains under pressure from scant demand in SEA
• Import homo-PP extends losses into 3rd week 
• Demand further weakens on rising trade war 
• Initial June PP offers to Indonesia mostly stable 
• Ample supply adds to softening in Vietnam 
• Eyes on recovery in China’s local PP market
• Import homo-PP raffia, inj. ($/ton): 1100-1200 CIF

 

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