Propylene prices remain steady in Asia
Despite weaker naphtha values, propylene prices were left unchanged in Asia on Tuesday.
An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, "Prices stayed flat amid muted trading activity in the region."
FOB Korea propylene prices on Tuesday were assessed at the USD 845-855/mt levels, rolled over from Monday’s assessed levels.
CFR China propylene prices on Tuesday were assessed at the USD 865-875/mt levels, unchanged from Monday.
In plant news, Sinopec Jiujiang Company is in plans shut its Polypropylene (PP) unit in April 2025. The exact date and duration of the shutdown could not be ascertained. Located in Jiujiang, China, the PP unit has a production capacity of 130,000 mt/year.