- Vietnam's liquidity problems have hampered buying- South Asian Prices Fall on Higher Supply



The week ended Nov. 9 was mixed for Asian
polypropylene, as the Chinese market was somewhat rangebound and nearby regions
fell. Yuan 7,825-7,905/mt
was the stable price for east China's domestic polypropylene on the week. The China market had previously seen some support from
chatter about COVID-19 curbs being eased. The
optimism faded quickly as the National Health Commission of China signaled its
commitment to its zero COVID strategy. The
downsides were limited, however, as the demand rebounded following the fall
slump. Current plant operating rates are around 85%-90%. Sources indicated that South Korean suppliers were offering
lower volumes in the CFR market. Sources
said that China's PP market is stronger than other Southeast Asian and South
Asian markets because of stable...