Propylene prices race higher in Asia
On Tuesday, Asian propylene prices increased sharply amid a surge in upstream crude and naphtha rates.
The price rise was driven by rising costs, supply concerns, and improved demand in key Asian markets.
FOB Korea propylene prices were assessed at USD 1105-1115/mt levels, a sharp rise of USD (+30/mt) from Monday’s assessed levels.
CFR China propylene prices were assessed at USD 1145-1155/mt levels, a day-on-day spike of USD (+30/mt).
