Southeast Asian maker announces new prices to buyers in the region

Market players reported that a Southeast Asian producer has announced Feb shipment prices to the region with reduction compared to last month. The producer’s latest price list are reported as following: 

The producer is currently running their PP plant at reduced rate due to short of propylene feedstock after the unexpected shutdown of Shell’s naphtha cracker. Besides, market sources also reported that the producer is planning for a major maintenance shutdown mid of 2016, however, there is no official confirmation on this matter yet.

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