Polypropylene

Polypropylene prices in Asia rose to US$1440/MT in the week of December 10, 2007. Asian PP prices continue on their northward march on limited supplies caused by restricted influx of deep-sea cargoes from USA. With deals for December recently concluded up to US$1420/MT CFR levels, offers from SE Asian and Indian suppliers have risen by almost twenty dollars. Interestingly, intentions by a Taiwanese seller have been hiked to US$1450/MT CFR China. Deals for PP yarn grade were heard concluded above US$1480/MT CFR Pakistan, pushing up fresh offers by almost twenty to thirty dollars.