PP homopolymer offers from Middle East to India slashed

PP homopolymer offers for Middle East to India were reduced this week in line with softening prices in other key Asian markets according to distributors, as quoted in Chemorbis. A distributor reported receiving offers from major Middle Eastern global producer this week at US$1300-1310/ton for homo-PP injection and raffia and at US$1320-1330/ton for PP film, CIF India, cash basis, subject to 5% customs duty. This is a decrease of US$25/ton when compared with the producer’s most recent offers to the Indian market. A converter commented that PP demand is regular inside the country at the present and local offers are more competitive, hence they are not interested in import offers.
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