Polymer Prices in Asia Slowly Rising, Players Say

After months of low market sentiments, polymer markets in Asia are picking up. Buying has risen, especially for PE derivatives. For LDPE, applications such as agricultural films are in demand. End users are in the market to buy stocks and also to build up inventories, players say. For polypropylene, prices rose due to persistent supply issues from the Middle East. Still, buyers are looking for price trends as they expect the price levels to go down. With Formosa’s 850,000 m.t./year facility is running at reduced operating rates due to propylene outages...

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