Thursday, June 23, 2011

SE Asia’s PP market moves lower on slow demand, softening costs

In Southeast Asia, spot PP prices moved lower over the past week in the face of persistently sluggish demand, weakening regional trends and declining upstream costs as per ChemOrbis. PP prices in thee region have been steadily declining for most part of the past month, with homo-PP injection and raffia prices on a CIF SEA, cash equivalent basis declining US$155-160/ton over the course of the past four weeks, according to data from ChemOrbis Price Index.

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