On Wednesday, propylene prices climbed across Asia.
Prices rose considerably due to higher upstream energy costs and supply disruptions caused by ongoing Middle East conflicts. Meanwhile, raw material shortages have prompted a number of Asian companies to declare force majeure (FM) at their plants.
FOB Korea propylene prices were predicted at USD 845-855/mt, a USD (+35/mt) increase over Tuesday’s forecast.
CFR China propylene prices were estimated at USD 885-895/mt, an increase of USD (+35/mt) over Tuesday’s levels.
