Friday, June 18, 2010

Upcoming capacities to impact PP prices in Asia

Losses in crude oil, bearish buyer’s sentiments amid plunging PP production costs have triggered a downward trend in Asian PP markets since the first half of May, as per Chemorbis. According to ChemOrrbis Price Indexes, import homo-PP prices came down by US$130-185/ton in China and by US$140-150/ton in Southeast Asia since H1-May.

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