CommoPlast

Indian maker imposed price hike on PP to China

Indian maker imposed price hike on PP to China



Chinese players reportedly received new offers from major Indian producer for homo-PP raffia with $10/ton increased as compared to last month to reach $990/ton, CFR China, LC 30 days basis.

A trader commented, “Our supplier informed that they have limited allocation this round, only 100-200 tons for each players meanwhile only raffia grade is available. Hence, we believed that there shall be not much difficulties for them to conclude deals, although the price level is still higher than domestic market.”