LONDON (ICIS)--Click here to see the latest blog post on Asian Chemical Connections. It wasn’t supposed to be like this. The large number of polypropylene (PP) cargoes that were booked for export to China late last year were supposed to easily find a home in a booming domestic market. But when they arrived during Q1 of this year, demand had weakened on reduced availability of lending and weaker and more volatile oil prices. PP inventories are thus at high levels with a wider gap between domestic and import prices. China’s PP market thus serves an example of wider economic challenges.
Editor’s note: This blog post is an opinion piece. The views expressed are those of the author, and do not necessarily represent those of ICIS.