POLYMERS - Polypropylene

Polypropylene prices spiked to US$1420/MT in Asia in the week of November 26, 2007 on the back of limited availabilities in the region. Offers from Indian producers as well as South East Asian suppliers were heard upto US$1430/MT CFR China for yarn and injection grade and at US$1450/MT CFR China for IPP grade. Prices are anticipated to rise in the weeks of December 2007 as most sellers have held onto firm offers in anticipation of further hike in prices.