Thursday, October 23, 2008

Declining propylene values trigger a $200 collapse in Asian PP offers

Floundering propylene values corresponding with weakening crude and naphtha prices have triggered a US$200 fall in polypropylene prices in Asia. Sellers offers from South Korea and Singapore have plunnged to hover around US$870-900/MT CFR China, however bids from Chinese buyers dropped by about $30-50.

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