In the Indian Subcontinent region, demand for import cargoes among Pakistani buyers is falling rapidly. Sources said that spot homo-PP traded in the domestic market is around $1370-1400/ton in import equivalent, which are much lower than offers from overseas sellers.
Import offers are limited on the first trading day of the week, however, the entire region is stirred by the steep fall in the crude oil market. Sources believed that fresh price lists would register another round of reduction regardless of the shipping issues.