Polymer Prices Continue to Fall in China

PP prices were seen sliding in China as a tumble in propylene feedstock values coupled with the absence of regional buying interest dragged spot prices lower. In China, domestic prices of PP injection and PP raffia were assessed at the Yuan 12050/mt ex works levels. In an effort to fight inflation, access to credit in China is now more expensive. This has curbed liquidity and has impacted demand for polymers. Buying in PP in China at the present time remains painfully slow. With outlook bearish, traders in China with PP stock on hand are in a hurry to unwind...

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