Propylene prices in Korea fell modestly on Wednesday amid weakening regional demand, while Chinese pricing remained unchanged.
FOB Korea assessments dropped by USD 10/mt, settling at USD 725–735/mt, from Tuesday levels. A market insider attributed the slide to “weak regional buying sentiment,” as downstream converters remained cautious and refrained from restocking.
In contrast, CFR China propylene prices held steady at USD 765–775/mt, unchanged day-on-day, reflecting stable market conditions and balanced inventory flows.
On the supply front, Quanzhou Grand Pacific Chemical is preparing to restart its 660,000 mt/year PDH unit in Fujian by mid-August. The unit has been offline since around July 28, 2025, following maintenance. The shutdown has introduced a slight supply-side uncertainty, despite limited impact on CFR China pricing so far.
Overall, while China’s propylene market remains stable, the softness in Korea underscores tepid demand dynamics. Unless sentiment improves or supply tightens, downward pressure on Korean pricing may persist in the near term.
