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Spot propylene up in Europe and Asia, US fails to follow

  • 16/08/2018 (04:10)
Data from ChemOrbis Price Wizard reveal that spot propylene prices in Asia have been on an uptrend since early July while in Europe they have been rising since the end of July. On the contrary, the US’s spot propylene market has failed to track the firmer trend of the European and Asian markets so far.

This was mainly attributed to the production updates in the three regions as planned/unplanned production outages in Europe and Asia paved the way for increases while the restart of Flint Hills’ PDH unit caused supplies to improve in the US.

In Europe, spot propylene prices on FD NWE basis rebounded from a two-month low by the end of July to recently hit nearly one-and-a-half month high on a weekly average. Regional supplies remain tight given low run rates amid hot weather conditions as well as ongoing and upcoming shutdowns. Low water levels in the Rhine River in Germany also posed an obstacle for smooth transportation across the country, yet water levels have started to rise recently.



Spot propylene prices on FOB Korea basis have also been steadily rising since early July to hit a fresh two-and-a-half month high, as weekly average data unveil. Roughly 2.9 million of propylene capacity is slated to be offline between August and November across Asia.

When it comes to the US, however, spot propylene prices on FD USG basis turned downward by late July after posting cumulative increases of around $140/ton during the month of July.

To track the most updated propylene production news, please see PP Production News (For members only)
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