Propylene prices plunge in Asia on weaker energy costs
On Monday, propylene prices in Asia were assessed lower, following a decline in upstream energy costs. However, market sentiment remained cautious due to tight supply conditions.
Shortages of key raw materials have led several regional producers to declare force majeure or operate plants at reduced capacities, leaving the market outlook uncertain.
FOB Korea propylene prices were assessed at USD 1075-1085/mt levels, a sharp fall of USD (-30/mt) from last Friday's assessed levels.
CFR China propylene prices were assessed at USD 1095-1105/mt levels, steeply lower by USD (-40/mt) from last Friday.
