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Propylene & ASF trends up

29
Feb '12
In S E Asian countries, Propylene price went up to US$ 1325/ton. In Korea and Japan, propylene price was in the range of US$ 1340/ton to US$ 1345/ton. In Chinese domestic market, price was in the range of RMB 10400/ton to RMB 10600/ton.

In Western market too, propylene price increased. In N W European domestic market, price hovered around € 1140/ton, but deals mainly concluded in the range of € 1140/ton to € 1145/ton. In U.S.A market selling offers were in the range of 68.75 cents/pound to 69.25 cents/pound.

Price of Acrylonitrile was stable at higher level in Asian market. In F E Asian and S E Asian countries, ACN price hovered in the range of US$ 2205/ton and US$ 2215/ton.

In Chinese domestic market, ASF and Acrylic Tops prices went up to around RMB 21800/ton and RMB 22800/ton, respectively. In last few sessions ASF prices increased by RMB 1000/ton. According to market speculators, price hike was necessary due to costlier feedstock materials.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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