- One of the Chinese PP producers contacted by SSESSMENTS.COM’s team informed that at the moment, the company has yet to start offering to the market and the factory has not resumed the production activity yet. Even though the office was scheduled to start operation by February 10, it will take some time for the transportation system to recover. In general, the source opined that the market will begin to move by the middle of February. The producer further added that the downstream manufacturers are only running at less than 10% from the normal capacity.
- In the import market, a global trading house informed SSESSMENTS.COM that offers for PP Homo Raffia from the United Arab Emirates stand at $910/ton on LC at sight, CIF China main port basis. This level is stable as compared to the offers before the Lunar New Year holiday.
Tags: Asia Pacific,China,DailySSESSMENTS,English,EN PP CHINA DSS,Northeast Asia,Polypropylene (PP) China PP price,PP priceFebruary 6, 2020 2:46 PM