Propylene prices from domestic manufacturers on March 20

March 20, 2008 - China

On March 20, ex-factory propylene price of HSBC petrochemical remain stable, its implementation is at 11,500 yuan per ton, actual contract has some concessions, sales are fair, and inventories are on the lower side.

Propylene price of Zhongyuan Oilfield remained steady, with current implementation level at 10,850 yuan per ton. The manufacturing plant is operating normally, sales are moderate, and inventories are limited.

Ex-factory propylene price of Qingdao refinery shows stability, its implementation level is at 11,270 yuan per ton (including 10 yuan of loading fare) with concessions for actual contracts. Equipments are operating normally, sales and inventories are moderate. The plant has a capacity to produce 80,000 tons of this raw material, annually.

Ex-factory propylene price of Xianyang Auxiliaries is stable, its implementation level is at 10,700 yuan per ton, device is operating normally, sales and inventories, both arer in control. The plant produces nearly 50,000 tons of propylene each year.

Propylene price of Jinzhou Petrochemical rises 100 yuan to current implementation level of 10,900 yuan per ton. The device is operating normally, sales are average and inventories are not high.

The offer price of Propylene from Lanzhou Petrochemical also remained stable, with current implementation level at 9,800 yuan per ton. However, the company itself consumes most of its production. Its manufacturing plant is operating normally, which has a capacity to produce 70,000 tons of propylene each year.

Propylene prices, on March 19, showed a mixed trend for almost all regions. Prices for Far Eastern region saw a slight rise where as for the European regions the same demonstrated a fall compared to last week.

Market express of propylene prices on Mar 19

Far east region propylene prices:

Propylene, FOB South Korea, at US $1160-1170 per ton.

European region propylene prices:

Propylene (polymerization level), FD Northwest Europe, at Euro 865.00-870.00 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 855.00-860.00 per metric ton.