Chinese coal-based PP emerged in Pakistan market

As the number of coal based polyolefin plants in China continue to grow, sellers in this country is looking for new export outlet for their products. Recently, market players reported a number of deal concluded for coal based PP in Pakistan market, and this week, the deal is observed at $940/t CIF Pakistan, TT in advance basis.

A trader in Zhejiang sold some of his coal based PP cargoes to Pakistan commented, “Demand in Pakistan market is considerably better than other export destinations, and in fact we managed to sell a good quantity this week here. However, the continuous increasing local prices in China is squeezing our profit margins, and if this trend sustain in the coming week, it might no longer viable to focus on exporting.”

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