PP Prices hold steady

20-May-10
Oil has plunged over $15/barrel since start of the month. Naptha prices have also lost over $76/ton during this period. However as per Chem Orbis spot propylene has lost only $35/ton in Asia because of tight supplies.Europe is seeing scheduled maintenance and unplanned cuts thus keeping PP prices firm in Europe. Prices in China have seen a fall of only $20-$30 primarily on offers from Middle East.
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