A hundred dollar drop was seen in propylene prices in Asia in the week of August 18, 2008. Prices have dipped below the 1500 dollar mark as downstream market of polypropylene, ACN continue to maintain a gloomy outlook. This downbeat trend is expected to continue until the close of the Olympic Games, on slow user industry demand from China. Sellers have dropped September shipment offers to US$1500/MT FOB Korea levels, but have been faced with resistance from damp buying sentiments pegged fifty dollars lower.
19-Aug-08 
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