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Propylene prices decline in Europe and US last fortnight
05
Jun '14
The prices of propylene decreased in Europe and the US markets in the last fortnight ending May 31, 2014, compared to prices in the previous fortnight ending May 15, while prices remained stable-to-soft in Asia.
 
In F E Asia, the average price of propylene stayed stable at US$ 1360/ton in the last fortnight.
 
In Korea, the average price of propylene in May 2014 was $1360/ton, which was an increase of 7.74 percent over the average price of $1260/ton in May 2013.
 
In S E Asia, average price of propylene in the last fortnight was $1290/ton, which was lower by 3.01 percent compared to the average price of $1330/ton in the previous fortnight. On June 4, 2014 prices were assessed at $1290/ton.
 
In the Chinese market, propylene prices increased in the first half of the last fortnight and were quoted in the range of $1420/ton to $1425/ton. In the second half of the fortnight, selling offers increased further and were assessed in the range of $1425/ton to $1430/ton.
 
In the Indian market, propylene prices were offered at $1290/ton in the first half of the last fortnight, while the pries were in the range of $1285/ton to $1290/ton in the second half of the fortnight.
 
In European market, propylene prices declined in the last fortnight due to slack demand coupled with high inventory in the region. The average price in the last fortnight was €1130/ton, which was 3 percent less than the previous fortnight’s average price of €1165/ton.
 
In the US domestic market, propylene price declined due to ample product availability in the region. The average price in the last fortnight was 57 cents/pound, down 4.2 percent as against the average price of 59.5 cents/pound in the previous fortnight. On June 4, 2014, prices were assessed at 54.15 cents/pound.
 

Fibre2fashion News Desk - India

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