19 September 2011 07:24 [Source: ICIS news]
Daqing Refining & Chemicals switched to producing block copolymer polypropylene (PP) grade resins at its 300,000 tonne/year PP unit in Heilongjiang province on 13 September as part of their schedule, a company source said.
Block copolymer PP resins are used in the manufacture of cold water pipes.
The producer is planning to start producing block copolymer PP resins until October and will supply around 20,000 tonnes to the domestic market, a company source said.
The company, which is
The increasing domestic supply may dampen to selling sentiment, a second trader in east
The offers of imported random copolymer PP resins used in warm water pipe applications were heard at around $1,760/tonne (€1,285/tonne) CFR (cost & freight)
The offers of shipments in September will yield a retail price of around yuan (CNY) 14,000/tonne ($2,194/tonne) ex-warehouse, the second trader in east
The prices of random copolymer PP resins in east
As a result, the lower-priced cargoes from South Korean producers may cause the domestic prices to drop upon their arrival in
($1 = €0.73, $1 = CNY6.38)
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