19 June 2008 17:47 [Source: ICIS news]
HOUSTON (ICIS news)--Propilco, the sole polypropylene (PP) producer in ?xml:namespace>
The price increase was needed to offset higher raw material costs, the source said.
Before the increase, prices in
Colombian production of PP was described as normal after the replacement of a motor in one affected unit. The malfunctioning motor had diminished production by about 25%, mainly affecting exports.
PP prices could go up again in July if monomer costs keep rising, the source said.
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