S. Korean producer cuts PP offers to China
Sept. 20, 2018
A distributor of a South Korean producer reported that their supplier applied weekly reductions of $30-40/ton on its PP offers to China and Southeast Asia.
Despite firming spot propylene prices in Asia, the producer’s move was interpreted as an attempt to compete with attractive offers from S-Oil’s new PP plant.
The producer’s PP offers currently stand at $1310/ton for PP block copolymer injection and at $1280/ton for homo-PP raffia and injection, all on CIF China/SEA, cash basis.