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Gap between PP, propylene narrows in SEA

by ChemOrbis Editorial Team -
  • 07/01/2015 (16:56)
According to data from ChemOrbis Price Index, the premium that import homo-PP prices on a CIF SEA basis carry over spot propylene prices on an FOB South Korea basis has narrowed as spot propylene prices have regained some lost ground after decreasing by around $870-875/ton from mid-July to mid-December. Spot propylene prices in Asia are currently being quoted at around $660/ton FOB South Korea.

The gap between import homo-PP prices on a CIF SEA basis and spot propylene prices in Asia has shrunk by $130-135/ton to reach $465/ton compared to two weeks ago, when the gap increased to hit its highest level since 2008. However, the price gap between the two products remains close to yearly high after hovering near the $200/ton mark for most of 2014.
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