Indian's major lifted PP offers to China

Market players reported that a major Indian maker has announced new homo-PP injection offers with an increase of $90/t compared to last month to reach $1040/t CFR China, LC 30 days basis, shipment before 10th June 2016.
 

A player received the new offer commented, “We were informed that there is no raffia cargoes available this time; yet we find this offer a little unattractive. Demand is weakening and we do expect some downward price adjustment in the near term. Our Indian supplier has delayed several other cargoes and would only be able to fulfil by the next 1-2 months time.”

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