China, Southeast Asia PP prices at over 2-year lows on oversupply

Chinese and Southeast Asian polypropylene prices slumped to its lowest in over two years, as long-running demand issues in the downstream are compounded by higher domestic and import supplies. Platts assessed PP Raffia CFR Far East Asia down $25/mt on the week at $870/mt Nov. 2, its lowest since June 5, 2020, when it closed at $860/mt, S&P Global Commodity…