Asian plastics prices close August on down note

09/02/2011

Plastics prices finished down last month across much of Asia, with the trend affecting a broad swath of the market. Lower oil prices pulled down the cost for some plastic feedstock materials' prices, and demand was soft as well as buyers across the region remain concerned about softness in the U.S. economy.

This is all according to plastics pricing service Polymerupdate, which offered its review to PlasticsToday. According to Polymerupdate, prices of PP homopolymer grades this week declined in Asia. A drop in feedstock propylene prices coupled with softening demand trends weighed bearishly on spot PP prices. PP injection and PP raffia grade prices were at the $1540/tonne CFR Far East Asia mark while PP film grade prices were at $1545/tonne - $1550/tonne CFR Far East Asia levels....
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