Propylene prices race higher in Asia
On Tuesday, Asian propylene prices rose sharply amid a surge in upstream crude and naphtha rates.
Rising costs, supply concerns, and improved buying sentiment in key Asian markets contributed to the price rise.
FOB Korea propylene prices were assessed at USD 1180-1190/mt levels, an increase of USD (+25/mt) from Monday’s assessed levels.
CFR China propylene prices were assessed at USD 1220-1230/mt levels, a day-on-day hike of USD (+25/mt).
