As global economic slowdown seems imminent, US demand continues to slacken, affecting buying in China. Key processors in China supply finished products mainly to US markets, and have cut production in a bid to cope with falling export orders. Damp demand from China has tanked polypropylene offers in Asia by another 100 dollars for November shipment to US$810-840/MT CFR China, while few deals were heard concluded below the 800 dollar mark. Feedstock propylene prices have also fallen lower than US$400/MT FOB Korea. Prices are expected to down revise as buying remains subdued, and few deep-sea cargoes from USA were sold this week at US$700/MT CFR China.
03-Nov-08 
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