Data from ChemOrbis Price Index reveal that the gap between import PP and PE prices in China has been widening since around May due to the fact that the PP market has witnessed smaller drops when compared to PE...
The downturn has gained speed in China’s import PP market since August with homo PP prices hitting more-than-two-year low recently. Having broken below the $1000/ton threshold last week, more homo PP offers have shown up this week at $980-990/ton CIF for regular origins, remaining indifferent to higher futures prices in the local market so far...
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