Far East Asian polypropylene prices swell in August

08 Aug '13

2 min read

The prices of polypropylene rose in the first seven days of August in Far East Asian markets and were quoted in the range of US$ 1445-1460/ton. The rising trend is continuing from last fortnight ending July 31, when prices went up by 1 percent compared to the previous fortnight and were assessed in the range of US$ 1435-1440/ton.

In the Chinese domestic market polypropylene prices remained stable during the week ending August 7. However, prices had increased by 1 percent during the fortnight ending July 31 compared to the earlier fortnight, and were assessed at RMB 10770/ton.

In the Middle East region, too, polypropylene prices were steady during the initial seven days of the current month, but prices had shown a rising trend during July 16-31 fortnight and prices were assessed in the range of US$ 1430-1435/ton.

In Indian and South Korean markets too, polypropylene prices remained steady during the first seven days of August, a continuation of trend from the fortnight ending July 31. In India, prices were assessed in the range of Rs. 105-110/kg, while in South Korean market prices were quoted at around US$ 1480/ton.

In Europe and the US markets, polypropylene prices were offered at € 1325-1330/ton and 70-75 cents/pound, respectively, during the fortnight ending July 31.

Fibre2fashion News Desk - India

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