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PP prices surge in last fortnight of January
03
Feb '12
In the last fortnight of January, polypropylene (PP) price increased due to expected short term supply shortage.

During the first week of the fortnight, PP Raffia price gained mainly because of higher feedstock values and optimistic outlook for February.

In the second week of the period, PP prices continued to march ahead despite a slow buying trend.

By the end of the fortnight, Chinese market reopened and price of PP Raffia jumped up significantly. Speculators were more optimistic for short term price rally in near future.

Fibre2fashion News Desk - India

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