Thursday, March 27, 2008


Supply problems in the region for polypropylene have kept supplier offers for April higher at US$1540/MT in Asia in the week of March 24, 2008. Supported by restricted availabilities in the region due to plant shutdowns and a reduced influx of deep sea cargoes, suppliers have targeted a price hike of twenty to thirty dollars. Exports of polypropylene from South Korea will be reduced next month as more plants plan to go on maintenance shutdowns. Conclusion of many deals at US$1540/MT CFR China has encouraged producers from India and Taiwan to quote fresh offers at US$1550/MT.

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