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Propylene prices plunged in Asia

As a result of low buying sentiments from industry users and ample product availability, the price of propylene plunged last week.

As per the report,  CFR South East Asia prices of propylene were assessed in the range 975-985/mt down by USD 30/mt week on week basis.

In the CFR China rate, propylene prices were assessed in the range of USD 960-970/mt, while FOB Korea rates were assessed in the range of USD 960-970/mt, both of which plunged by USD 30/mt on a week-over-week basis.

Prices of propylene FOB Japan ranged from USD 955-965/mt, while prices of propylene CFR Taiwan ranged from USD 975-985/mt.

 

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