DailySSESSMENTS: China PP Price 10th January 2020


- In the local market, SSESSMENTS.COM noted that offers for PP Homo Raffia from traders’ end remain stable from a day earlier. While in the import market, a Chinese trader stated the sales on Monday and Tuesday were increasing supported by the firmer crude oil prices. However, recently, the number of transactions from their side is getting fewer. For the offers, the trader itself did not receive fresh offers for Middle Eastern PP Homo Raffia cargoes this week but some traders are offering at $910-920/ton on LC at sight, CIF China Main Port basis.

- On the production sector, market sources in China informed SSESSMENTS.COM the PP offers from Zhejiang Petrochemical’s new plant are delayed as the materials are not qualified yet. The source stated that the polymerization unit has not been started at present. Meanwhile, ethylene and propylene are not qualified yet and still could not reach the purity of polymerization grade.



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January 10, 2020 4:06 PM