PP prices in Southeast Asia remained stable last week amid an expectant position on the part of buyers and sellers, according to ICIS, citing market participants.

PP processors are reluctant to accept price offers that differ from the price of the key Chinese market. Importers offering Middle Eastern and Indian PP value below USD1 000 per tonne, CFR Southeast Asia.

The buying interest from processors was weak. At the same time sellers are not willing to make concessions.

Sales in Vietnam and Indonesia are now weak, traders said. Vietnam and Indonesia are the main importers in Southeast Asia.
Rising prices of propylene in Asia, combined with volatile international quotations of oil futures have added uncertainty to the market.

P injection Prices September 16, were at the level USD90-1 090 CFR South East Asia.