Tight availability pushes Asian propylene trends last week

On the last trading day of the previous week ending June 14, Propylene prices were assessed at US$ 1360/ton FOB Korea. On the same day, prices were quoted at US$ 1350/ton FOB Japan. In the Chinese market, prices were assessed at US$ 1425/ton.

In S E Asia, Propylene prices opened at US$ 1260/ton in the beginning of week under reveiw, which increased by US$ 50/ton by the end of the week and were assessed at US$ 1310/ton.

In the European market, prices opened at € 1110/ton last week, but declined during the week and were assessed at € 1080/ton on June 13.

In the US market, selling offers were at 53.87 cents/pound in the beginning of the week and increased marginally to 54.00 cents/pound on Friday.

Fibre2fashion News Desk - India