Friday, October 03, 2008

PE and PP prices tumble by 20% this month: markets at standstill

A 20% fall was witnessed in Polypropylene (PP) and polyethylene (PE) prices across the Middle East and South Asia - this is quickest drop seen in a single month in almost ten years. The recent developpments make the future direction of polymer prices very unclear, with volatile feedstock and crude values adding to the unstable market conditions.

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