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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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