Polymer Prices in China on the Rise

Prices of PP in Asia galloped higher on rising propylene feedstock costs, coupled with a rise recorded in crude and naphtha rates, prompted sellers of PP to revise their prices higher. Supporting the price spike in PP were strong demand trends in some parts of the region’s key market of China.   “Bad weather due to heavy snowfall has restricted deliveries of polymers to some parts of China. Buyer need for PP in these parts is strong, hence the rise in demand. However in general there remains the year end pressure to keep inventories low in other...

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