Polymer Prices Tumble in China

Prices of PP softened due to a drop in propylene feedstock rates coupled with subdued demand trends pressured prices of PP lower across the region with buying trends in China seen very sluggish, where ex-works prices of injection moulding and PP raffia grades were assessed at the Yuan 12500/mt levels this week. Avails are ample due to subdued trends and access to credit is now more expensive in China, hence liquidity has been crippled thereby further hitting demand. The outlook for PP is not very good going forward as we believe that prices will correct lower...

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