According to one of the experts in China, PP price is expected to remain stable. There may be minor variations, since the supply is expected to be too tight. The current CFR price of PP in China is US $1440 / ton.
There are less chances of price rise owing to scarcity of PP in the market, due to ease of availability of upstream.
The price may not cross the $1500 / ton mark, except in severe cases. The short-term future price is expected to linger in the range of $1460-1470 / ton.
Fibre2fashion News Desk - India
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