Unenthusiastic buying due to sufficient inventories with the buyers and subdued downstream demand has plunged propylene prices in Asia by about fifty dollars to US$1600/MT FOB levels. Despite this dipp, lackluster sentiments from China continues to keep demand slack, as buyers have expressed an interest to buy at levels of US$1650/MT CFR China.
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Thursday, July 31, 2008
Asian propylene prices slip further by weak demand
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