08 November 2011 16:44 [Source: ICIS news]
BUENOS AIRES (ICIS)--Polypropylene (PP) demand is slowly recovering as buyers perceive that prices may have bottomed, Sebastian Diaz Barriga, sales and exports manager for Mexico-based producer Indelpro said on Tuesday.
Although the volumes sold remain low, there are more buyers replenishing inventories, perceiving that prices may reverse direction in the short term, Diaz Barriga said on the sidelines of the 31st Latin American Petrochemical Association (APLA) annual meeting.
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Prices were reduced by 4 cents/lb ($88/tonne, €64/tonne) recently, bringing the average domestic price to about 80-82 cents/lb.
The 2011 APLA conference ends on Tuesday.
($1 = €0.73)
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