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Propylene prices rise in India, Europe & US last fortnight
07
Apr '14
The prices of propylene increased in Southeast Asia, India, Europe and the US markets in the last fortnight ending March 31, 2014, compared to the previous fortnight March 1-15, 2014. However, prices declined in Far East Asian region during the same period.
 
In Southeast Asia and India, the average price of propylene inched up marginally to US$ 1330/ton in the last fortnight. On April 5, propylene price was assessed at $1320/ton.
 
In F E Asia, the average price of propylene declined by 1.47 percent to $1345/ton in the last fortnight, compared to the average price of $1365/ton registered in the previous fortnight, due to weak downstream demand and high inventory levels in key markets.
 
In Europe, average ethylene price surged up by 2.23 percent to € 1145/ton due to limited product availability, as compared to the average price of € 1120/ton in the previous fortnight.
 
In the US, average price of ethylene increased slightly to 61.5 cents/pound in the last fortnight.
 

Fibre2fashion News Desk - India

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