China : Propylene prices plunge in previous week

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Propylene prices plunge in previous week

09
Dec '09

In the last week, propylene prices in China's domestic markets fell down, especially in Shandong, northeast, northwest and northern regions, with the northeast region witnessing the largest decline, mainly due to slowdown in domestic demand.

In that week, propylene prices in Shandong market dipped markedly. The week began at around 9,450-9,500 Yuan per ton, but fell to about 9,000 Yuan per ton by the weekend. Most traders believe the price will break below 9,000 Yuan per ton.

In North China market, plant operations were stable, sales were normal, but still prices declined. Price fell from 9,400 Yuan per ton to 9,000 Yuan per ton during the report week.

In the Northeast, plant operation was basically stable; supply increased slightly leading to a decline in prices. Earlier this week, Jinzhou lowered its price from 9,400 Yuan to 9,100 Yuan per ton, and then still brought it down to 8,800 Yuan per ton.

Propylene trade price in the second half of the week fell to 8,600 Yuan per ton. But list price of Heilongjiang Petrochemical stabilized at 9,360 Yuan per ton.

In Northwest, supply was normal in the week, ex-factory price from Xianyang Additives Factory dropped 100 Yuan to 8,800 Yuan per ton in early week but fell more by 150 Yuan to 8,650 Yuan per ton by the weekend.

Price of Xi'an Petrochemical fell to 8,500 Yuan due to sluggish sales in recent time and the week price of Lanzhou Petrochemical stabilized at 8,500 Yuan per ton.

Fibre2fashion News Desk - China

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