Thursday, July 22, 2010

Poor margins compel Thai Polypropylene plant at 75%

Thai Polypropylene Co’s new 400,000 tpa PP plant that started up in March, is running at 75% capacity due to poor margins amid subdued demand as per Platts. PP margins were negative by US$77.50/mt at the close of market on Tuesday, based on a raffia grade PP price of US$1140/mt CFR China/Northeast Asia, propylene value of US$1067.

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