Mounting stocks with propylene producers in Asia caused by weakened downstream demand on account of production cuts by PP and ACN makers, has exerted pressures on propylene prices. Propylene prices inn Asia have sunk by about 300 dollars this week as many PP and ACN makers in Asia have cut back operating rates to 70-75%.
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Tuesday, September 16, 2008
Propylene prices tumble in Asia on increasing inventories
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