Spot PP markets in Asia are facing some upward pressure following the rally in spot propylene and crude oil costs seen last week. As per Chemorbis, though crude oil prices have slipped since last weekk, spot propylene prices are still rising due to export opportunities and plant shutdowns in Asia, prompting increased initial May offers from sellers for PP with increases vs April offer levels.
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Wednesday, April 14, 2010
Higher crude and propylene pressurize Asian PP markets
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