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Propylene prices fall in Europe and US last fortnight
May '14
The prices of propylene declined in Europe and the US in the last fortnight ending April 30, 2014, compared to the previous fortnight ending April 15. However, prices increased in Asia during the last fortnight.
In Europe, the average price of propylene decreased marginally by 0.43 percent to €1145/ton in the last fortnight, compared to the average price of €1150/ton in the previous fortnight.
In U.S.A domestic market, propylene price declined due to ample product availability. The average price declined by 2.44 percent to 60 cents/pound in the last fortnight, as against the average price of 61.5 cents/pound in the previous fortnight.
In Asian markets, propylene price increased due to improved downstream demand coupled with bullish upstream energy values. In S E Asia, the average price of propylene worked out to $1335/ton in the last fortnight, up 1.14 percent over the average price of $1320/ton in the previous fortnight. On May 7, prices were assessed at $1345/ton.
In F E Asia, the average price of propylene was assessed at US$ 1365/ton in the last fortnight, higher by 3.02 percent vis-à-vis the average price of $1325/ton in the previous fortnight.
In Korea, the average price of propylene in April 2014 was $1345/ton, registering an increase of 6.23 percent as against the average price of $1265/ton in the same month of last year.

Fibre2fashion News Desk - India

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