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Propylene prices down adjust in parts of Asia

Petrochemical industry | 14 Mar 2018 09:00 IST |

Propylene prices declined in some parts of Asia on Tuesday.

On Friday, FOB Korea prices of propylene were assessed at the USD 1020/mt levels, a day on day fall of USD 15/mt. Prices fell mainly on account of weaker upstream energy values on Monday coupled with persistent dull regional buying sentiments. Reports of poor downstream PP demand trends further supported the price fall in the region.

CFR China prices were assessed stable at the USD 1085/mt levels.

In plant news, Showa Denko has shut its ethylene cracker on March 8, 2018 for a maintenance turnaround. The cracker is expected to remain shut for around 40 days. Located in Oita, Japan, the cracker has an ethylene production capacity of 690,000 mt/year and propylene capacity of 425,000 mt/year.

In other plant news, Tosoh Corp has shut its 527,000 mt/year cracker, located at Yokkaichi in Japan, on March 9, 2018 for a maintenance turnaround. The cracker is slated to remain shut for a period of around 40 days.
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