Polypropylene

Polypropylene prices in Asia continued their march northwards as prices topped US$1400/MT in the week of November 12, 2007. PP markets were robust on the back of increasing demand from China. Expectation of a further price hike due to short supplies from US has led to stockpiling among the buyers, further supporting demand. In this tight supply scenario, sellers have already raised future offers by almost twenty dollars.