IHS Chemical Week

China Polymer Prices Mostly Down

7:58 AM MDT | May 17, 2010 | Lindsey Bewley

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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