IHS Chemical Week

China Polymer Prices Firm

1:16 PM MDT | March 18, 2011 | Lindsey Bewley

Demand for polypropylene turned dull. In key regional markets like China, the buying mood was very subdued. Even though sellers attempted to keep their prices of PP firm by citing a steep climb in propylene feedstock costs, buyers in markets like China, remained reluctant to purchase. Several buyers of PP polled said that they were sitting on sufficient stock to see them through until mid April, hence they were not in any rush to purchase at current price levels. They said that they were bidding at reduced price levels, however sellers were mostly brushing them...

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