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, up USD (+35/mt) from Tuesday’s assessment.
CFR China propylene prices were assessed at USD 885-895/mt, up USD (+35/mt) from Tuesday’s assessment levels.
