IHS Chemical Week

China Polymer Prices Mostly Down

9:10 AM MDT | May 24, 2010 | Lindsey Bewley

 PP prices in Asia tumbled last week. The price fall was steep, triggered by a plunge in feedstock propylene rates. Also contributing toward the price slide was the drop in global energy rates and fast fading regional buying interest. CFR Far East Asia prices of PP raffia and PP injection were assessed down at the USD 1280/mt levels PP film prices were assessed down at the USD 1320/mt CFR Far East Asia levels. In China, local ex-work prices of PP injection and PP raffia were assessed at the Yuan 10750/mt levels. Sellers however struggled to find buyers even...

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