Tuesday, August 10, 2010

Buying resumes: arrests two month fall in PE, PP from the Middle East

Polyolefin prices have nudged up as buying interest for polypropylene (PP) and polyethylene (PE) has gathered momentum in the Middle East market this week. As per ICIS, the trend is in line with upbeaat sentiment in the Asian market as crude hovered above US$80, fuelling expectations that Middle East prices would continue to rise through September.

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