Propylene prices from domestic producers on April 17

April 17, 2008 - China

On April 17, propylene price from Zhongyuan Oilfield stay stable, with current implementation price at 11,150 yuan per ton. Although sales are moderate, inventories remained limited.

On the same day, ex-factory price of propylene from HSBC petrochemical is in stability; its implementation level is at 11,650 yuan per ton. Actual transactions are given concessions; sales are good with lower inventory.

Propylene price from Qingdao refinery rises by 50 yuan, its implementation price is at 11,620 yuan per ton (including 10 yuan loading fare), and actual contracts will enjoy concessions. Sales and inventories are moderate and the plant has a capacity of producing 80,000 tons of raw materials each year.

Lijin Huayi bid propylene at 11,500 yuan per ton. Actual contracts are offered with concessions; stocks are moderate and sales are normal. The plant manufactures 40,000 tons per year.

Propylene price from Jincheng petrochemical Group is in stability, with implementation price at 11,800 yuan per ton. The Corporation offers concessions to the end-users, disrupting the high level sales but inventories are normal.

Propylene prices on April 16, showed a mixed trend for almost all regions. Prices for Far Eastern region saw a steep rise where as for the European regions the same demonstrated a fall compared to last week.

Market express of propylene prices on April 16

Propylene prices in Far East region:

Propylene, FOB South Korea, at US $1310-1320 per ton.

Propylene prices in European region:

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

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

Propylene price in the United States:

Propylene (refining level) FAS Houston at US cent 62.4-62.6 per lb.