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News & Prices of Propylene |
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| Asian Market News & prices of Propylene |
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Propylene prices in Asia inch higher - Mar 16th, 2011 [13:10]
Propylene prices continued to inch higher in Asia with rates on Tuesday firming on the back of growing concerns about a regional supply tightness.
A propylene seller a polymerupdate team member spoke with said, “ the spot supply situation is tight. While the start of the turnaround season in Asia is partially responsible for the availability constraints, RFCC’s in Japan impacted by the earthquake has also hit production of propylene and has tightened supply. Demand is also strong. As a result prices of propylene in Asia have climbed.”
FOB Korea prices of propylene were assessed up at the USD 1540/mt levels with offers heard up at above the USD 1550/mt levels.
Olefins prices - Mar 1st,2011
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