Platts Asian PP Weekly Rationale.

Petrotahlil - The PP CFR FE Asia raffia marker was assessed stable on the day, or up $10/mt on the week, at $805/mt, reflecting tradable discussions heard at $800-$820/mt for dutiable cargoes, below offers heard at $820-$840/mt.

Two deals were heard concluded at $800/mt and $825/mt, yet both excluded from the assessment as these deals were concluded earlier this week.

PP injection CFR FE Asia marker was assessed unchanged on the day, or $10/mt higher on the week, following raffia marker.

China domestic prompt PP was assessed up Yuan 50/mt on the day, or Yuan 200/mt higher on the week, at Yuan 7,500/mt ex-works, reflecting tradable discussions heard at this level. 

Isotactic PP was assessed $5/mt higher on the week at $815/mt CFR FE Asia, considering a typical price differential of $10-$20/mt to the base raffia grade, amid narrowing spread to PP raffia grade according to trade participants, below an offer of $835/mt.

Biaxially oriented PP was assessed up $5/mt on the week at $820/mt CFR FE Asia, amid narrowing spread to PP raffia grade according to trade participants.

Block copolymer was assessed up $10/mt on the week at $845/mt CFR FE Asia, based on the typical spread of $40-$50/mt to raffia.

In Southeast Asia, PP raffia was assessed up $15/mt on the week at $810/mt for dutiable cargoes, reflecting tradable discussions heard at $790-$830/mt, below offers of $830-$840/mt  

for dutiable cargoes and $870/mt for non-dutiable cargoes.

An offer of $810-$820/mt was excluded from the assessment, as it was  

deemed by market participants as not representable due to different payment terms.

PP injection CFR SE Asia marker was assessed $15/mt higher on the weak at $795/mt, in line with raffia grade price as market participants said there was no price difference for these two grades.

IPP film was assessed $10/mt higher at $815/mt CFR SE Asia, amid narrowing spread to PP raffia grade, according to trade participants.

BOPP CFR SE Asia marker was assessed up $15/mt higher on the week at $830/mt for dutiable cargoes, reflecting the spread to raffia heard at $20/mt (Vietnam), above a bid of $800/mt CFR Vietnam for non-dutiable cargoes.

In South Asia, raffia was assessed up $15/mt on the week at $810/mt CFR South Asia, below offers of $830-$850/mt, and above buying indication of below $800/mt.

IPP film was assessed $5/mt higher at $820/mt CFR South Asia,amid narrowing spread to PP raffia grade according to trade participants.

BOPP CFR South Asia was assessed $10/mt higher on the week at $835/mt, reflecting tradable discussions of $25-$30/mt higher than PP raffia grade.

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