Tuesday, April 19, 2011

US propylene peaks to new highs while Asia, Europe stagnate

Propylene prices have moved to record highs in the US due to supply tightness while spot propylene prices in Europe and Asia have stagnated as a result of sluggish demand. PP producers across all majoor economic regions are complaining about their shrinking margins, with the stand-off between buyers and sellers helping to keep spot prices steady in Europe and Asia despite stronger upstream costs.

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