PP inventories dip in Peru, reactivate import market

Imports of polypropylene in Peru became active again after four months of weak demand when inventories of the product were high, as per Platts. The lowest polypropylene offers in the Peruvian market were from Korea, at US$1500/mt CFR for homo polymer and at US$1530/mt CFR for co-polymer, a drop of US$40-50/mt compared with last week. Bids were around US$1470/mt CFR for homo polymer and at US$1500/mt CFR for co-polymer. Colombian polypropylene offers to Peru were expected to go down again for June by at least US$100/mt in order to be competitive again against the Korean offers. Some polypropylene buyers in Peru said they didn't receive any Brazilian offers in May.
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