Polymer Prices Fall in China

Prices of polypropylene (PP) declined as a drop in feedstock propylene values coupled with subdued buying trends dragged spot prices lower.   In China where actual user inventories were ample and demand was muted, sellers of PP struggled to conclude deals. However, several PP makers including Shanghai Secco, Lanzhou Petrochemical and PetroChina Dushanzi were due to shutdown operations next month for maintenance. This according to some local players would help prices of PP bottom out in China. Domestic ex work prices of PP injection and PP raffia offers were...

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