Polypropylene Asia

摘要

Asian polypropylene rose for the second consecutive weekon the back of bullish market sentiment. PP raffia/injectionwas assessed $30/mt, or 2%, higher week on week at$1,505/mt CFR Far East Asia Wednesday. In Southeast Asia,it was $45/mt or 3.1% higher at $1,520/mt CFR; while inSouth Asia, it was up $60/mt to $1,550/mt CFR. Marketparticipants were awaiting August offers from key producers,which are expected to be announced starting next week.Offers were few and far between this week, limited mostly tooffers from traders. Traders maintained offers above$1,540/mt CFR China in hope of gaining some buyinginterest, but to no avail.