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Propylene prices rise in Asia and US last fortnight
Jan '14
The prices of propylene increased in Asia in the fortnight ending December 31, 2013, due to tight product availability and firm energy market, while they rose in the US market due to firm upstream energy value coupled with bullish buying sentiments.
In Korean market, the average price of propylene increased to US$ 1430/ton in December 2013, showing an increase of 15.59 percent over average price of US$ 1235/ton in December 2012. On a month-on-month basis, average propylene price in December 2013 decreased by 0.35 percent.
In F E Asia, the average price of propylene in the last fortnight ending December 31, 2013 was US$ 1430/ton, recording an increase of 0.35 percent compared to the average price of US$ 1425/ton in the previous fortnight ending December 15, 2013.
In S E Asia, the average price of propylene rose by 0.73 percent to US$ 1385/ton in the last fortnight, as compared to US$ 1375/ton in the previous fortnight. On January 10, 2014, price was assessed at US$ 1385/ton.
In US, the average price of propylene surged by 6.78 percent to 63.00 cents/pound, as compared to the average price of 59 cents/pound in the previous fortnight.
However, propylene prices went down marginally in Europe due to poor upstream energy value in the last fortnight ending December 31. The average price decreased by 0.47 percent to € 1065/ton in the last fortnight, as compared to the average price of € 1070/ton in the previous fortnight.

Fibre2fashion News Desk - India

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