In Asia, spot propylene prices were reported at $555/ton FOB South Korea and $600/ton CFR China as of the end of last week. They represent a weekly loss of $30-35/ton, which players attribute to the restart of a PDH unit in China as well as retreating downstream PP prices.
In Europe, spot propylene prices were reported at €550-555/ton FD NWE as of the end of last week. There was a slight gain in prices, which was attributed to the improved trading activities in the post-holiday period. Players think a new propylene oxide plant which is a joint venture between BASF and Shell will be an important factor in setting propylene prices.
In the US, spot propylene prices were reported stable at 29 cents/lb ($639/ton) FD USG as of the end of last week. As for contracts, initial nominations for January came with rollovers to 0.5 cent/lb ($11/ton) increase, players reported.
In Asia, spot propylene prices were reported at $555/ton FOB South Korea and $600/ton CFR China as of the end of last week. They represent a weekly loss of $30-35/ton, which players attribute to the restart of a PDH unit in China as well as retreating downstream PP prices. In Europe, spot propylene prices were reported at €550-555/ton FD NWE as of the end of last week. There was a slight gain in prices, which was attributed to the improved trading activities in the post-holiday period. Players think a new propylene oxide plant which is a joint venture between BASF and Shell will be an important factor in setting propylene prices. In the US, spot propylene prices were reported stable at 29 cents/lb ($639/ton) FD USG as of the end of last week. As for contracts, initial nominations for January came with rollovers to 0.5 cent/lb ($11/ton) increase, players reported.
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