Poor demand coupled with easy avails in Far East, while fresh buyer interests and lower stocks in South East, stretched propelene (PP) prices in a two-way range in respective regions.
After lunar holidays, poor response in China for PP led to downward revision in its prices.
Taiwan saw easy avails of PP with traders offering rate of US $950 per metric ton CFR levels. However, buyer counter bids were placed below $940 per metric ton level, sources said.
Situation in South East Asia is however exactly opposite as low stocks and growing demand for PP pushed seller offers pegged above $1000 per metric ton CFR mark.
Freight charges could possibly be one of the major reason for higher levels opine insiders.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
