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Chinese players reported receiving offers for Russian and USA origin homo-PP this week at slightly below the $1000/ton threshold, reaching $990/ton CFR China, LC 90 days terms. However, players commented that this might not have significant impact on the market, as the quantity is rather small.

A trader said, “Suppliers might testing market acceptance as buyers have been resisting offers for the mainstream cargoes for couple of weeks now. We are still holding firm at $1010/ton wit the same term for our cargoes. The Chinese Yuan has appreciated recently and we think this would support the general sentiment.”