Polypropylene Africa Transcript
The ICIS African polypropylene report covers spot prices on a cost and freight CFR basis in North Africa, Southern, Eastern and West Afrcia as well as domestic, free delivered (FD) prices on a Rand basis in south Africa on a weekly basis, with information taken from key industry players such as producers, buyers, traders and distributors.
The ICIS African PP price focuses on homopolymer, raffia and copolymer PP grades, but also looks at wider events and issues in the global PP market.
The price provides a benchmark for a number of players, but also gives essential information about both the upstream and the downstream movements and gives a global context helping players make informed decisions.
In the past players used the ICIS Asian PP report and added the freight in order to calculate the African import prices, but Africa is a diverse continent with its own supply demand dynamic and this formula is becoming increasingly outdated.
As the supply of local material is limited, imported product is the main source of material and the key driver of price movements.
Currency and freight rate fluctuate and also have a large influence on prices. Consumption in Africa is increasing, we have seen more producers take steps to build a presence and reputation in the continent, and do more direct business with consumers rather than go through traders and distribution networks.
The ICIS report is essential for players wanting to stay ahead of the competition and offers detailed news and analysis of the market and current and future trends.
The report is timely in bringing our customers news of pricing movements, consumer demand and changes in supply such as production updates.