AsianPP: Markets remain mixed■ FE Asia prices fall during the week■ Southeast Asia unaltered as the market searches for
pricing cuesDuring the week, the Asian polypropylene market
was mixed with CFR FE Asia prices falling, the Southeast Asian market holding
steady and South Asia slightly higher. Yuan 7,900-8,500/mt remained the same for east China's
domestic prices. China's economic
uncertainty continues to affect market sentiment. As factories have to ration their electricity supplies, a
heatwave continues to impact converter operation rates. Sources said that prices in the upstream propylene industry
have also fallen. Sources say that the
operation rates in downstream factories are not worse than they were at the
moment. A source stated that there is
unlikely to be any seasonal lift in September and beyond, as we have seen in
previous years. CFR FE Asia prices
suffered this...