Monday, July 11, 2011

Improvement in China market with oil price recovery anticipated tighter PE and PP supply

China’s polyolefin market has improved over the last week thanks to a recovery in oil prices and anticipated tighter supply of polyethylene (PE) and polypropylene (PP), as per ICIS. A US$50-100/ton hiike has been heard over the past week for physical cargoes across many grades.

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