On Wednesday, propylene prices in Asia recorded gains, supported by rising upstream energy costs and improving market sentiment. An industry source in Asia told a Polymerduniya team member that higher crude and naphtha prices created cost-push pressure, while robust purchasing interest from local end-users and traders further lifted confidence. Market players highlighted that firmer feedstock values combined with a more optimistic demand forecast have fueled the continued upward trend in propylene prices across the region.
FOB Korea propylene was assessed at USD 745–755/mt, up USD 5/mt from Tuesday. CFR China propylene also edged higher, assessed at USD 775–785/mt, marking a similar daily increase of USD 5/mt.
In production news, Long Son Petrochemical successfully restarted its polypropylene unit around August 19, 2025, following an extended turnaround. The facility, located in Long Son, Vietnam, had been offline since mid-October 2024 alongside its upstream cracker due to shrinking production margins and subdued derivative demand. The unit has a nameplate capacity of 400,000 mt per year.
