Propylene prices remain stable in Asia

Despite the rise in upstream energy values, propylene prices remained stable in Asia on Monday, supported by quiet buying sentiment across the region.

On Monday, FOB Korea propylene prices were assessed at the USD 745-755/mt levels, steady from Friday’s assessed levels.

Meanwhile, CFR China propylene prices on Monday were assessed at the USD 780-790/mt levels, unchanged from Friday.

In plant news, Hyundai Chemical is likely to shut down its cracker by mid-October 2025 for a maintenance turnaround. The unit is expected to remain offline for around 50 days. Confirmation from an authorized source could not be obtained. Located in Daesan, South Korea, the cracker has a propylene production capacity of 500,000 mt/year.