PP homo offers to SEA from India rise vs most recent offer levels

Recent offers for PP homopolymer grade received by a trader in Indonesia from India T US$1270-1300/ton CIF SEA cash equivalent basis, were higher than the same producers’ most recent offer levels, as per Chemorbis. Increasing bullish market sentiment in China, where the producer is believed to have sold a good amount of higher priced material has triggered this rise. Offers for the same origin were reported last week at US$1180-1275/ton with the same terms, resulting in a week-on-week increase of US$25-90/ton.
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