05 September 2012 10:37 [Source: ICIS news]
SINGAPORE (ICIS)--China’s domestic prices of polypropylene (PP) yarn increased by 1.5% this week on expectations of tightening supply, which prompted producers to hike offers, industry sources said on Wednesday.
On 5 September, domestic PP Yarn market prices were assessed at (yuan) CNY11,350-11,800/tonne ($1,787-1,858/tonne) EXWH (ex-warehouse), up by CNY100-250/tonne from 31 August, according to Chemease, an ICIS service in China.
Key local producers in China have raised their PP yarn offers to CNY11,400-11,700/tonne EXW(ex-works) on Wednesday, CNY100-180/tonne higher compared with 31 August levels, market sources said.
Supply may tighten because of a number of plant maintenance scheduled in August and September, they said.
($1 = CNY6.35)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections