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Propylene price remains range bound
31
May '11
Propylene price remained range bound in between US$ 1450/ton to US$ 1460/ton. In Korea and Japan, propylene prices were assessed around US$ 1455/ton and US$ 1560/ton, respectively.

In N W European domestic market, it stayed in the range of € 1200/ton to € 1210/ton. In India, price stood around US$ 1450/ton to US$ 1460/ton and in USA market, propylene price was quoted around 81.00 cents/pound to 82.50 cents/pound.

Acrylonitrile prices remained stable in Asian market. In F E Asian and S E Asian countries, ACN hovered in the range of US$ 2810/ton to US$ 2860/ton. In Chinese domestic market, ACN price was stable around RMB 18900/ton to RMB 18950/ton.

In Chinese domestic market, price of ASF and Acrylic tops remained stable at RMB 25500/ton and RMB 26500/ton, respectively.

Editorial note:
Acrylic value chain did not change much today, due to balanced market fundamentals. Speculators remained optimistic and buying sentiment remained moderate.

Click here to view and compare daily price trends

Fibre2fashion News Desk - India

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