IHS Chemical Week

China Plastics Prices Drift Lower

8:00 AM MDT | May 10, 2010 | Lindsey Bewley

PP prices traded mostly flat in Asia. On Thursday, a drop in propylene feedstock rates was seen prompting several buyers of PP to retreat from the markets. In China, the buying mood was dull with PP raffia and injection prices assessed at the USD 1370/mt CFR levels. PP film prices were assessed at the USD 1405/mt CFR China levels. Buyer bids for June were lower.   “Even  though PP inventories with both buyers and sellers are not ample, other pricing fundamentals including that of crude and naphtha remain bearish. The situation is currently very...

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