26 July 2011 12:03 [Source: ICIS news]
Most powdered PP plants in
Powdered PP makers typically need a premium of yuan (CNY) 800-1,000/tonne ($124-155/tonne) over propylene to justify their resin production, but such price differentials are currently not available, powdered PP makers said.
Weak downstream demand hinders local producers’ attempt to raise prices, resin makers said.
End-users in the key PP woven bag application sector typically buy powdered PP when prilled PP yarn grade is more expensive, but these two types of PP resins are currently trading at similar levels, they said.
Prilled PP yarn grade was trading at CNY12,200-12,400/tonne ex-warehouse in north
($1 = CNY6.45)
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