Propylene prices crept higher in areas of Asia last week. Supply constraints, caused by lower operating rates at some plants, fueled the price increase. Improved purchase activity, suggesting strong demand optimism, sustained the upward trend.
CFR China propylene prices were estimated at USD 725-735/mt, an increase of USD (+20/mt) over the previous week.
FOB Korea propylene prices were evaluated at USD 690-700/mt, up $5/mt from the previous week.
Meanwhile, FOB Japan propylene prices were evaluated steady at USD 695-705 per mt.
CFR Taiwan propylene prices were assessed at USD 745-755/mt, while CFR Southeast Asia propylene prices were assessed at USD 775-785/mt, remaining unchanged from the previous week.
