On Tuesday, propylene prices rose in Korea while remaining constant in China. FOB Korea propylene prices were estimated at USD 720-730/mt, up USD (+5/mt) from Monday’s assessment levels. Stronger upstream energy values and strong buying momentum pushed prices higher in the region. CFR China propylene prices were estimated at USD 750-760/mt, remaining steady from the […]
As part of a restructuring during a recession in the industry, Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 MM. In early trading in Riyadh on Thursday, shares of the chemicals company plummeted as much […]
Despite an increase in upstream crude values, propylene prices rolled over in Asia on Monday. Prices were stable despite a downturn in regional purchasing activity. FOB Korea propylene prices were estimated at USD 705-715/mt, a rollover from Friday. CFR China propylene prices were estimated at USD 735-745/mt, unchanged from Friday’s levels.
Despite advances in upstream energy values, propylene prices in Asia remained steady on Tuesday. Prices stayed constant as Asian purchases slowed. FOB Korea propylene prices were estimated at USD 705-715/mt, unchanged from Monday’s levels. CFR China propylene prices were estimated at USD 735-745/mt, remaining steady from the previous day.
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