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Propylene price plunges in parts of Asia last week
29
Dec '14
Weak upstream energy prices coupled with bearish buying trend in the region pulled down Asian propylene prices steeply in some regions in the last week ending Dec 26.

In Korea, average prices went down by US$ 20/ton or 3.45 per cent and were quoted at US$ 560/ton last week, as compared to its previous week.

In Japan, average propylene prices plunged by US$ 125/ton and were assessed at US$ 535/ton last week, down 18.94 per cent as against its previous week.

In SE Asia, average propylene prices also tumbled down by US$ 125/ton and were offered at US$ 590/ton last week, as compared to its previous week, a decline of 17.48 per cent.

In India, average prices too fell massively by US$ 125/ton or 17.48 per cent from its previous week and were spotted at US$ 590/ton last week.

Fibre2fashion News Desk - India

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