Propylene prices have moved to record highs in the US due to supply tightness while spot propylene prices in Europe and Asia have stagnated as a result of sluggish demand. PP producers across all majoor economic regions are complaining about their shrinking margins, with the stand-off between buyers and sellers helping to keep spot prices steady in Europe and Asia despite stronger upstream costs.
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Tuesday, April 19, 2011
US propylene peaks to new highs while Asia, Europe stagnate
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