Friday, July 08, 2011

Polypropylene sentiment in SE Asia, Turkey shifts on recent upturn in China

After being on a downward trend for the past few months, China’s PP market has showed some recovery, recently as per ChemOrbis. Firmer naphtha costs in Asia and rebounding crude oil prices, which gainned US$6/barrel on the Nymex since the start of last week, led to an unexpected rally in China’s domestic market which generated some demand from traders and distributors who want to restock before prices potentially move higher.

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