China's demand was impacted by pandemic-related
lockdown Southeast Asia takes a step back ahead
of the holiday



Due to lower demand in
Asia, polypropylene prices dropped in the week ending April 27, and Chinese domestic prices dropped by yuan 250-290/mt during
the week. CFR Fareast Asia price fell $20-24/mt during the reporting week. Prices in Southeast Asia fell $10-12/mt, while South Asia
dropped $20-24/mt during the same time period. In China, local converters take only lower prices. Everything is slowing down. According to a China-based source, convertors aren't getting
their downstream price back." Coronavirus-related
shut down in Shanghai and an increase in Beijing cases, further affected
demand. This has raised fears about new restrictions. Supply chain disruptions had already caused Shanghai to shut down earlier, which affected demand. According
to the source, there were no major overseas suppliers of...