Propylene prices quote stable in Asia

Despite bullish crude values, propylene prices remained constant in Asia on Monday.

An industry source in Asia informed a Polymerupdate team member, "Prices held steady as buying interest remained muted in the Asian region."

On Monday, FOB Korea propylene prices were assessed at the USD 765-775/mt levels, unchanged from Friday’s assessed levels.

Meanwhile, CFR China propylene prices on Monday were assessed at the USD 795-805/mt levels, rolled over from Friday.

In plant new, Formosa Plastics Corp has restarted its No.2 Polypropylene (PP) unit on May 11, 2025 following a turnaround. The unit was shut for maintenance on April 23, 2025. Located in Ningbo, Zhejiang in China, the No.2 unit has a production capacity of 280,000 mt/year.