Polypropylene demand in the Mexican domestic market during July and August grew 14-15% over the months and May and June, said a source at resin producer Indelpro.
"Customers were preparing for the back to school purchases and producing more food packing, for example. In August, some customers are starting to buy resin to get ready for the end of the year festivities too," said a company source.
Indelpro's polypropylene offer prices were stable for the domestic and export market compared to last week.
"We are waiting to see what's going to happen with the propylene prices in the US, and next week we should have a clear view about where the polypropylene offers are going to be for September," added the source.
In the end of July, Mexican polypropylene producer Indelpro reported August prices with a 3 cents/lb increase for the domestic market, supported by higher nominations in the USGC for August.
After the hike, Indelpro was offering in August for the domestic market at 106 cents/lb DDL bagged for homo raffia and injection, 107 cents/lb DDL bagged for homo film and at 110 cents/lb DDL bagged for co-polymer impact.
For the export market, August Indelpro's offers to Central America, Caribbean and Andean countries jumped $50/mt over July and were pegged at $2,000/mt CFR for homo raffia and injection and at $2,100/mt CFR for co-polymer.
