Import prices of polypropylene (PP) in Southeast Asia were either stable or rose last week against the backdrop of limited supply of public markets and rising valuations in the Chinese market, sources told ICIS market.

Some manufacturers do not have to give their suggestions on the market in Southeast Asia, preferring to offer the available volumes to customers in China, where spot prices continue to rise.

Despite the limited supply, the PP market in South-East Asia as a whole is balanced against a background of relatively weak buying activity. So, the market has not been reported that buyers were not able to acquire the necessary amounts of material.

Suppliers who have had limited spot volumes for the market, raised its price proposals that did not meet the interest of the buyers.

Quotations on malokruchenye polypropylene yarn and injection molding grades of Saudi Arabia and the Middle East were mostly at the level of USD1 050 CFR South East Asia and beyond.

Some processors have noted that PP prices have peaked. They did not want to buy large amounts, in order to reduce the risk of having warehouses more expensive material at the end of the year.

According to the price review ICIS-MRC, buying activity in the Russian market of polypropylene is low, but the demand is stable. In some segments of the PP consumption of a decline in demand, but this factor is offset by the reduction of supply, both internal and external. At the end of last week were minor changes in prices, but the overall price situation is stable in the last couple of weeks, especially in the segment of PP-Homo