Turkish PP raffia market backwardated by 40/mt into July

摘要

London-Prices in the Turkish polypropylene spot market,June 6,have shown a backwardation into July as material and trades for June were reported at a 40/mt premium.This is the second successive week that July has traded lower than June.US raffia material has been offered into the country at 1,400-1,450/mt CFR Istanbul for June with trade last reported at l,420/mt CFR Istanbul.July meanwhile has also traded but at l,380/mt CFR Istanbul for US material.