SSESSMENTS.COM was informed that a South Korean PP producer has announced July shipment offers to China market. As compared to June shipment offers, the producer initiated a huge upward adjustment on offers for PP Block Copolymer, PP Homo Raffia, and PP Homo Injection grades by $90/ton. Likewise, offers for PP Random Copolymer Blow from the producer emerged higher by $50/ton as compared to the same period. The producer’s sales representative in China opined that buyers would likely show resistance towards the price increment and deals might be lower than initial offer levels.
Import PP offers on LC at sight, CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|---|---|---|
| South Korea | PP Block Copolymer | Offer Given | 980 |
| South Korea | PP Homo Injection | Offer Given | 950 |
| South Korea | PP Homo Raffia | Offer Given | 950 |
| South Korea | PP Random Copolymer Blow | Offer Given | 1,040 |
