Thursday, March 31, 2011

Global PP markets firm into April

Moving into April, global PP markets including China, Southeast Asia, Italy, Turkey and Egypt maintain their strength in line with the recent firming trend in the upstream chain, as per Chemorbis. As a result of the ongoing repercussions of the devastating Japan earthquake and the turmoil in the Middle East, crude oil prices have been hovering above $105/barrel since early last week, after breaching this threshold on the Nymex for the first time since 2008.

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