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Polymer Prices Continue to Slide in China
12:00 PM MDT | June 24, 2011 | Lindsey Bewley
Chinese polypropylene (PP) prices declined this week, primarily on account of the bearish regional buying trends as sellers continued to far outnumber buyers. In China, domestic prices of PP were at the Yuan 12050/mt ex works levels with buying interest heard weak at these levels. Compared to the steep plunge recorded this week in prices of LDPE and LLDPE, the decline in HDPE was tamer. Prices did down adjust however the length of decreases was less as compared to LD and LLD, on account of tighter availability. Purchase activity in China remained...
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