POLYMER FEEDSTOCK - PROPYLENE

Propylene prices dipped by twenty dollars to US$1090/MT in Asia in the week of September 17, 2007, as the market remained subdued. Quiet market conditions prevailed as a small number of deals was done due to little buying interest and low inventories that led to inadequate offers from the suppliers of South Korea. Restrained end-user demand prevailed as PP prices continued to be under downward pressure as well as on account of plant maintenance shutdown by few ACN producers.