News Code : 43210

Petrotahlil :

Softer local PP prices put pressure on imports in China. 

• Weak demand blamed for softer local prices 

• Local polyolefin supplies slightly down on week 

• PP futures rise CNY26 on week 

• Saudi major cuts Aug raffia offers by $10-20

• Import homo-PP raffia ($/ton): 1030-1110 CIF

 

Import PP mostly stable in SEA on limited supply. 

• Import market stable after a month-long firming 

• Demand lackluster across regional markets 

• China PP market starts Aug on a stable to softer note 

• Local producer in Indonesia lifts offers 

• Players cautious amid the resumption of trade talks

• Import homo-PP raffia, inj. ($/ton): 1060-1150 CIF

 

Aug C3 expectations turn cautiously firmer among Italian PP players. 

• C3 awaited slightly higher 

• Players foresees a stable to firmer trend for Aug 

• Sellers aim to recover their margins 

• Buyers expect rollovers in PP deals 

• Weak demand might hinder increases

• Local spot (€/ton): Homo-PP 1080-1180 | PPBC 1130-1230 FD

 

European PP players wait for Aug C3 amid divergent factors. 

• Players sidelined waiting for Aug C3 

• Producers might issue small increases 

• Buyers are skeptical about firmer trend on weak demand 

• Demand is not expected to improve ahead of summer lull

• Local spot (€/ton): Homo-PP 1130-1240 | PPBC 1180-1280 FD

 

PP prices lose ground ahead of Eid in Turkey. 

• Local raffia breaks below $1350 on low end 

• Raffia buyers report poor demand 

• Converters prepare to shut plants during Eid 

• Turkmenian raffia emerges at $1040 CPT 

• Turkey moves below China once again 

• Near-term expectations center on stability 

• June PP imports fell by 24% for homo, 39% for copo

• Local ($/ton): Raffia 1310-1380 inc VAT 

• Import Saudi ($/ton): Raffia 1050-1060 | Fibre 1140-1160 CIF

 

Mid-Eastern PP players wrap July deals at initial levels. 

• Purchases still kept to minimum amounts 

• Current trend expected to extend into August 

• Volatile costs weigh on sentiment

• Local PP in S. Arabia ($/ton): Raffia 1130 | Inj. 1150 FD 

• Import PP in UAE ($/ton): Raffia and inj. 1100-1150 CIF

 

Initial August PP offers surface softer in Egypt

• EPPC, OPC offers awaited 

• Local PP raffia down by EGP100 

• Are lower import deals achievable? 

• Local purchases kept to bare minimum

• Import PP ($/ton): Raffia and inj. 1080-1120 CIF

 

African PP players receive stable to soft offers for Aug. 

• Aug offers in Kenya mostly unchanged 

• Nigeria's import PP market down by $50 

• ELEME's new Aug offers lower by around $55

• Import PP in Morocco ($/ton): Raffia and inj. 1136 CIF 

• Import PP in Kenya ($/ton): Raffia and inj. 1080-1120 CFR

 

Follow us on twitter @petrotahlil 

END 

Send Comment

view latest news
More News