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Chinese Polymer Prices Firm
1:45 PM MDT | August 23, 2010 | Lindsey Bewley
Buying sentiments in Asia's PP markets remained bearish last week. Sellers however held their offer prices firm citing concerns about the tight availability of upstream propylene. In Far East Asia, CFR prices of PP raffia and PP injection were assessed up at the USD 1250/mt levels. PP film prices were assessed at the USD 1270/mt CFR Far East Asia levels. Offers were higher, however, buying interest was thin at these levels. “We are reluctant to purchase given the current bearish trends that have gripped the global energy prices. This has...
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