VIDEO: China PP prices plummet to three-year low; late-Q2 pressure likely
SINGAPORE (ICIS)–In this video, ICIS Industry Analyst Zhibo Xiao discusses the polypropylene (PP) market in China and how its sluggishness is a result of weak demand and increasing supply.
- Spot domestic PP prices at three-year low amid soft futures
- Supply likely to increase but demand unlikely to surge
- Players keen to look for export opportunities through open arbitrage window
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