Friday, February 18, 2011

South East Asia’s PP market tracks propylene higher

PP prices in Southeast Asia moved higher in the first week after the Chinese New Year holidays, tracking the upward movement in propylene feedstock prices, as per Chemorbis. While sellers are finding support for their price hikes from higher costs as well as limited supply, buyers have mostly remained in the sidelines, with many buyers having secured some material before the holidays in anticipation of producers attempt to raise prices post-holidays.

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