08 September 2006 04:26 [Source: ICIS news]
SHANGHAI (ICIS news)--Prices for yarn grade polypropylene (PP) fell CNY50-200/tonne in south China this week after Maoming Petrochemical started up its new plant, local traders said on Thursday.
Prices fell to CNY13,250-13,600/tonne ex-warehouse after Maoming Petrochemical delivered 3,000-3,500 tonnes of PP to many areas in ?xml:namespace>
Supply in south
Maoming Petrochemical, a subsidiary of Chinese energy major Sinopec, started its new 300,000 tonne/year PP unit on 19 August and has been producing on-spec yarn material since 21 August.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|