By Chow Bee Lin
SINGAPORE (ICIS news)--Polypropylene (PP) prices in China are up as much as 3.8% as buyers in Asia’s largest market scramble to source adequate supplies amid high propylene feedstock and naphtha costs, buyers and sellers said on Friday.
Spot prices were up by $50-60/tonne (€33-39/tonne) above the mainstream transaction prices for May/early June shipment at $1,620-1,630/tonne CFR (cost and freight) China transacted this week, producers and traders said.
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INSIGHT: Specialty chemicals look to pricing power
"Chemical companies need to hike prices if they want to counter the swathe of economic difficulties from a weaker US dollar to slower demand for produ more
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