Indian major increased PP offers to China

A major Indian maker has announced new price for their homo-PP to China market with $20/t increased compared to previous official offers before Chinese New Year holidays to reach $825/t for homo-PP Raffia, CFR China, L/C 30 days basis, shipment before end of April 2016.

"We received limited allocation this time as supplier claimed that their supplies are tight and demand for India's domestic market is good. Furthermore, market sentiment in China is still weak," a trader from Zhejiang commented.

Meanwhile, market players informed that offers for homo-PP in local Indian market has increased INR1500/t ($22/t) yesterday.

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