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Propylene spot values showed upward shift in Asia

April 06/2012

(chemmonitor) --  The Asia market for propylene witnesses an uptrend of spot prices almost during the entire last week. The price upswing is explained to the lower availability of the material.

The supply shortfall resulted from a range of unplanned closures of cracker plants situated in the region. Capacity cuts implemented by Japanese and South Korean manufacturers also affected the market balance.

European market for polyvinyl chloride (PVC) has initiated to show certain signs of improvement following a protracted stagnation period.

Last year market size remained at the level observed in 2010 due to the poor demand from the construction sector during last few years. Some participants were even confident in its reduction.
Author:Anna Larionova
Category:General News
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