Polypropylene Asia

摘要

Asian polypropylene prices were mostly flat this week amid thin trading. The CFR Far East Asia marker for PP raffia was assessed at $1,500/mt, the same price as week ago. “In the short term, it looks really weak. Most suppliers have stopped to offer, but I think maybe in one to two weeks they may re-offer,” a trader said. “No one wants to buy, everyone is cautious,” the same source added. Market participants put the notional deal level between $1,500/ mt CFR FEA with a 90-day letter of credit and $1,520/ mt on L/C at sight basis. A deal was heard concluded at $1,500-1,510/mt CFR FEA on L/C at sight basis, but this could not be confirmed. Offers were heard at $1,510-1,520/mt CFR FEA on L/C at sight basis. One source said he heard cargoes from Iran being offered at $1,480-1,490/ mt on L/C 90 days basis, but this could not be verified. One Chinese end-user said: “I did not he