BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Petrochemicals

China's polypropylene import price at two-year high as domestic price spikes

LNG | Oil | Metals | Petrochemicals

All eyes on China's 'blue skies' announcement; Chinese LPG buyers seen to keep reselling US-origin cargoes

Electric Power

Platts Market Data – Electric Power

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Petrochemicals

India's Reliance to restart Jamnagar PE complex Wednesday evening

China's polypropylene import price at two-year high as domestic price spikes

Singapore — China's import price for polypropylene raffia rose $20/mt Thursday to a two-year high at $1,100/mt, S&P Global Platts data showed, as the domestic raffia price in East China extended its recent uptrend.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

CFR Far East Asia PP raffia was last assessed at $1,100/mt on July 27, 2015.

PP China domestic raffia weekly price was assessed at Yuan 8,750/mt Wednesday, up Yuan 500/mt ($75/mt) week on week to a six-month high.

Asian polypropylene prices



Fundamentals have been strengthening recently, with demand expected to increase while domestic supply has been tightening.

"Polymer demand should be increasing for September and strong until October," a Sinopec manager. "Our producer's inventory level has come down a lot from February, and is sitting a bit below average at around 600,000 mt."

Producer inventory peaked at about 1.06 million mt in February, and typically consist of PP and polyethylene in equal proportions, according to industry sources.

"China's environmental checks on the industrial sector have been especially severe [recently], and many factories have been hit with orders for emission cuts, fines, and even closures. Commodity futures have been rising on expectations of production cuts in coal, steel and iron ore, and activity from financial players may be pushing up polymer futures concurrently," a Sumitomo trader said.

The actively traded January 2018 polypropylene raffia contract on the Dalian Commodity Exchange closed at Yuan 9,085/mt Thursday, to be up 6% this month.

--Huang Yi-Jeng, yi-jeng.huang@spglobal.com
--Edited by Dan Lalor, daniel.lalor@spglobal.com