Asia’s propylene prices remained unchanged on Tuesday, holding steady in the face of bullish crude and naphtha trends. According to a regional industry source speaking to our respondents on condition of anonymity, subdued buying sentiment quelled any upward pressure while pricing levels stayed flat.
FOB Korea propylene remained at USD 735–745/mt, unchanged from Monday. CFR China prices were assessed at USD 765–775/mt, similarly flat. These observations align with recent regional pricing reports that have noted prolonged stability amid muted activity.
On the supply side, Quanzhou Grand Pacific Chemical’s 660,000 mt/year propane dehydrogenation (PDH) unit in Fujian has been taken offline beginning around July 28, 2025. Duration of the shutdown has not yet been disclosed, introducing an element of supply-side caution to an otherwise balanced market.
In summary, Asia’s propylene market remains characterized by inertia: lack of trading momentum and calm buyer behavior have kept prices range-bound, even as energy costs edge higher. Unless demand surges or supply tightens further, price volatility is likely to remain minimal in the short term.
