Thursday, September 27, 2007

POLYMER FEEDSTOCK - PROPYLENE

Propylene prices dropped by ten dollars in Asia in the week of September 24, 2007, to US$1080/MT as weak sentiments were witnessed in the propylene market. Despite softer prices for propylene, a very small number of deals were heard done, mainly due to restrained demand from end-users. A tight supply status is anticipated shortly, resulting in further price increases in the coming weeks.

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