Polypropylene

Polypropylene prices in Asia moved up to US$1500/MT in the week of March 3, 2008, on rising demand from China. Demand from China grew in strength as the buyers find low stockpiles at their end, and seem eager to restock. However, the Chinese buyers prefer to import, refusing to accept domestic PP prices that have been higher after the Lunar New Year holidays. PP offers from South Korea, India as well as Taiwan held at US$1520/MT CFR China for yarn as well as injection grades