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Focus China PP up on low supply, high naphtha

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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