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Asian propylene prices show rising trend in August
Aug '13
In Korean market, propylene prices increased during the first week of August 2013, and prices were assessed in the range of US$ 1335-1340/ton during the week ending August 7.
During the fortnight ending July 31, propylene prices in Korea showed a downward trend and declined by 2 percent compared to fortnight ending July 15 to US$ 1325-1330/ton, due to softer downstream demand and ease of availability.
From August 1-7, propylene prices in Japan also showed a rising trend and were assessed in the range of US$ 1325-1330/ton. During the fortnight of July 16-31, propylene prices in Japan declined by 1 percent compared to earlier fortnight and average prices were assessed at US$ 1315-1320/ton.
In Europe, propylene prices were in the range of € 985-1045/ton during the week ending August 7. During the fortnight ending July 31, prices in Europe decreased by 2 percent compared to the previous fortnight due to poor buying sentiment and adequate supply.
In the US market, propylene prices were assessed at 59-59.40 cents/pound during the week ending August 7, which is an increase compared to average price of 55 cents/pound during the fortnight ending July 31.

Fibre2fashion News Desk - India

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