- South Asia prices fall- Southeast Asia stable



China eased COVID-19 restrictions, and
polypropylene prices rose week-on-week on Nov. 16. Investor confidence was
also increased by the announcement of a support package for China's struggling
property sector. This news strengthened the yuan. A source said that the stock market had responded more
positively than the commodities market to this news, but that the mood is
improving. The East China domestic price
rose from Yuan 50/mt to Yuan 7,875/mt last week. China's PP export volume continues to decline as the outbound
arbitrage window remains closed due to weak regional markets. Participants are worried about increasing inventory, with
China's average plant operation rate at 85%-90%. According to some sources, Stockpiling activities ahead of the Chinese New Year,
January 2023, are expected to slow down in 2022. A source claimed...