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China PP faces heightened risks of a high-price pullback
As major easing signals emerge in the Middle East conflict and the possible lifting of the Strait of Hormuz blockade, international oil prices have fallen sharply. As of might 25, ICE Brent crude was quoted at $96.14/bbl, down 7.15% from might 22. Thus, polypropylene (PP), a downstream derivative of crude
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