Chemical Prices in Asia Strengthen

Propylene strengthened to USD 1240-1250. The market observed a direct impact of pricing of propylene and also polypropylene. PP pricing moved up and is expected to strengthen further due to a sudden increase in pricing for naphtha and good demand from the end user segment. Users are on a buying spree as they believe that the price levels will further increase after the Chinese holidays. Styrene price levels moved northward due to increasing pricing trends of feedstocks and increased demand from user markets. Derivative products have also increased, including...

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