16 August 2012 08:19 [Source: ICIS news]
SINGAPORE (ICIS)--The retail prices of block copolymer polypropylene (BCPP) in ?xml:namespace>
BCPP with a melt index (MI) of three or lower were being sold at around yuan (CNY) 11,200-11,600/tonne ($1,761-1,824/tonne) EXWH (ex-warehouse) this week, up CNY500-550/tonne from end July, local distributors said.
Buyers in east and north
The supply of low MI BCPP had already tightened since the shutdown of Yangzi Petrochemical’s 200,000 tonne/year plant in
Zhenhai Refining and Chemical Co (ZRCC)’s 250,000 tonne/year polypropylene (PP) unit only began production of low MI copolymer grade on 14 August, they said.
Yangzi Petrochemical and ZRCC are key low MI BCPP producers, they added.
The price uptrend in north
Demand from the irrigation pipe and lubricant storage tank application sectors was expected to peak in September, they said.
The bullish market sentiment in east and north
Demand for low MI BCPP had been lacklustre in south
Other key applications of low MI BCPP include household ware, home appliances and toys.
Additional reporting by Rain Dong, Lizzie Yu, Doreen Zhao, Chow Bee Lin
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