Propylene prices edged lower across Asia on Monday, weighed down by weak sentiment and subdued buying activity. Market sources told that demand remained tepid, prompting sellers to trim offers in order to stimulate interest.
FOB Korea propylene was assessed at USD 745–755 per metric ton, slipping by USD 5 from Friday’s levels. CFR China markers followed a similar path, down by USD 5 at USD 780–790 per metric ton. The gradual erosion in pricing highlights the cautious tone dominating the region, as buyers continue to hold back in the face of volatile conditions.
Meanwhile, in the production space, Zhongjing Petrochemical is reported to have restarted its No.3 polypropylene unit on September 27, following a short maintenance shutdown that began on September 23. The facility, located in Fuqing, China, has an annual production capacity of 600,000 metric tons. While an authorized confirmation was not available, market chatter suggests the restart has already taken place.
The return of Zhongjing’s plant adds a supply-side element to a market already struggling with weak demand. For now, sentiment remains fragile, and traders are watching closely to see if the restart tips the balance further in favor of buyers in the weeks ahead.
