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China Polymer Prices Race Higher
11:40 AM MDT | July 8, 2011 | Lindsey Bewley
A spike in prices of crude and naphtha coupled with gains in propylene feedstock costs supported a rebound in prices of PP. Also contributing toward the price rise was improved regional buying trends, particularly in China, where several traders this week were seen turning active. Local China prices of PP injection and PP raffia were assessed up at the Yuan 11800/mt ex works levels. HDPE prices were boosted by stronger crude and naphtha rates, firmer prices of ethylene feedstock and a sudden surge in regional buying interest. News of the robust buying...
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