China PP faces heightened risks of a high-price pullback

Share:

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

Previous

Sulfuric Acid Market: Domestic and International Factors Converge to Sustain Strong Spot Market Performance

Next

Fuel Oil: Geopolitical Disruptions Dominate Supply and Demand; Market Experiences High-Level, Wide-Ranging Volatility

Quick inquiry

Create

Inquiry Sent

We will contact you soon