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NEWS
  • Asian propylene hits 17-month high on tight supplies

    The FOB Korea propylene benchmark jumped $19/mt from last Friday to $870/mt Tuesday, 

    the  highest level since July 8, 2015, when the price was assessed at $880/mt, S&P Global 

    Platts data showed. 

    The CFR China propylene price rose $10/mt to $920/mt over the same period, the highest 

    level since July 8, 2015, when the price was assessed at $925/mt, according to Platts data. 

    There were no price assessments Monday following the Christmas Day holiday Sunday. 

    The  Asian  propylene  market has been on an uptrend since the middle of December, due 

    to tight spot availabilities. 

    Some spot buying has also been triggered ahead of a few steam cracker turnarounds, whic

    h are due to begin in February. 

    Taiwan's CPC plans to shut its No. 6 naphtha-fed steam cracker at Linyuan over February-

    April  for  planned  maintenance, Platts  previously  reported. The  maintenance program is 

    expected  to  start on February 13 and end on April 10, lasting about 56 days. The cracker 

    is able to produce 430,000 mt/year of propylene. 

    According  to latest data by the Chinese customs department, China's propylene imports ro

    se 33.3% month on month to 293,410 mt in November. 

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