IHS Chemical Week

Chinese Polymer Prices Dip Slightly

8:24 AM MDT | May 6, 2011 | Lindsey Bewley

PP buying has mellowed in key markets like China. With converters disinterested in purchasing, the undercurrent has turned bearish and most players are prepared to see prices of PP correct lower going forward. The steep tumble in crude prices also warrant a downward price correction. In China, due to the tight credit policies, liquidity is very limited further exacerbating the bearish market trend which has gripped the PP markets. Prices of PP injection and PP raffia were assessed at the Yuan 12650/mt ex works levels.   Prices of HDPE film were successfully...

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