Asian polypropylene demand that had come to a standstill before the week long Chinese national holidays, has failed to take off. PP market outlook continues to be pessimistic due to listless demand from China. Typical CFR China offers from South Korea, India and Saudi Arabia that have fallen to hover around US$1250-1300/MT, have failed to revive buying. Chinese seem to be interested in procuring material at lows of US$1200. Meanwhile, feedstock propylene prices have fallen below the thousand dollar mark in line with deteriorating oil and naphtha values, and weak downstream demand.
13-Oct-08 
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