On Wednesday, propylene prices rose across Asia. Prices surged dramatically due to an increase in upstream energy costs and supply interruptions caused by continued Middle East tensions. Meanwhile, raw material shortages have forced a number of Asian firms to declare force majeure (FM) at their facilities. FOB Korea propylene prices were estimated at USD 845-855/mt, […]
Propylene prices were quoted steady in Asia on Tuesday, despite decreased upstream energy values. With purchasers remaining on the sidelines after the holiday season, prices stayed steady amid muted market activity. Propylene prices for FOB Korea were evaluated at USD 785–795/mt levels, which were consistent with the levels assessed on Monday. Propylene prices in CFR […]
Despite lower upstream crude values, propylene prices were seen as stable in Asia on Monday. Prices were steady across the region due to poor buying sentiment, as purchasers stayed away from the market after the Lunar New Year break. FOB Korea propylene prices were estimated at USD 785-795/mt, unchanged from last Friday’s levels. CFR China […]
OQ and Kuwait Petroleum International (KPI), the international branch of Kuwait Petroleum Corp. (KPC), have signed a Project Development Agreement for a jointly owned petrochemical complex in the Special Economic Zone at Duqm (SEZAD), Oman.The agreement, signed on the sidelines of the Kuwait Oil & Gas Show (KOGS 2026) by Ashraf Hamed Al Mamari, Group […]
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.
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