Monday, March 21, 2011

Domestic PP, PE prices move lower in China as demand softens

Local PP and PE prices moved lower in China as lackluster demand within the country pushed sellers to reduce prices, as per Chemorbis. Chinese traders are also reported to be actively searching for ppossible re-export outlets for their excess materials, as stock levels within the country are said to be at high levels, putting further pressure on sellers to reduce prices in hopes of speeding up their sales.

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