China Polymer Prices Mostly Down

Demand for PP across Asia remained subdued. On Friday morning, the buying mood was further depressed on the back of the overnight slump in global crude values. A source in China confirmed that converters remained pinned to the sidelines, disinterested in committing to purchases. Local prices of PP injection and PP raffia were at the Yuan 11130/mt to Yuan 11150/mt ex-works levels, however sellers were struggling to find buyers at these price levels. PP raffia and PP injection prices on a CFR basis were assessed at the USD 1360/mt levels with buying bids notionally...

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