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Propylene prices slip 5-20$ in Asia

Petrochemical industry | 29 Nov 2021 08:30 IST | Polymerupdate.com

Last week, propylene prices declined in Asia. The price fall was a result of a steep drop in upstream crude and naphtha values.

Reports of lacklustre buying sentiments and weaker downstream PP demand and pricing trends further pressured prices lower across Asia.

On Friday, CFR China propylene prices were assessed at the USD 1010-1015/mt levels, a fall of USD (-5/mt) from the previous week. FOB Japan prices were at the USD 975-980/mt levels, a week on week decline of USD (-10/mt).

CFR Taiwan prices were assessed at the USD 1015-1020/mt levels, down USD (-20/mt) from the previous week.

CFR South East Asia propylene prices were assessed at the 930-935/mt levels, a week on week drop of USD (-15/mt). FOB Korea propylene prices were assessed at the USD 980-985/mt levels, a decline of USD (-10/mt) from the previous week.

In plant news, Hebei Haiwei Group has taken off-stream its propane dehydrogenation (PDH) plant, on November 21, 2021, for a maintenance turnaround. The plant is slated to remain under maintenance till November 30, 2021. Located in Hebei, China, the plant has a propylene production capacity of 500,000 mt/year.

In other plant news, SK Advanced, is likely to shut its propane dehydrogenation (PDH) plant in the second half of December 2021 for a maintenance turnaround. Located in Ulsan, South Korea, the plant has a propylene production capacity of 600,000 mt/year
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