Limited supply in the region has pushed polypropylene prices in Asia up to US$1550/MT in the week of April 6, 2008. Tight supply was accompanied by completion of April deals by many suppliers. South Korea's 350,000 tpa KPIC and 250,000 tpa Honam Petrochemical PP plants are on a one month maintenance shutdown, affecting supplies for April. April cargoes from producers in South Korea, India and Taiwan were sold at US$1530-1550/MT CFR China.
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