Major India lifted PP offers to China

Market players reported that a major Indian maker has announced new offers for homo-PP to China today with an increased of $10/t compared to last month to reach $920/t CFR China, LC 30 days basis for August shipment. Meanwhile, players also reported to receive $1050/t CFR China, LC 30 days basis for PPBC.

“Import offers to China market are firmer recently but we managed to conclude more deals in domestic market as the price level for local cargoes are still comparatively competitive. We are uncertain about the demand for this Indian cargoes as the shipment is longer,” a trader from commented.