Polypropylene

Lackluster demand from China has kept polypropylene prices in Asia flat at US$1460/MT in the week of January 7, 2008. Limited supplies in the region have led some sellers to defer offers upon conclusion of deals at US$1460/MT levels for January shipment. The market for polypropylene is expected to pick up in the next few weeks, and prices are estimated to remain on the higher side on account of restricted supplies on one hand and on the other hand due to optimistic upstream propylene prices projected for the next few weeks.