Propylene prices went down in Europe, however they grew in US by the end of last week ending September 19.
European price fall was mainly attributed to lower upstream energy prices and poor downstream demand in the region.
Demand for the downstream products was reported to be weak which supported the price fall in European propylene prices.
European prices were assessed at € 1060/ton at beginning of last week, which declined to € 10/ton by the end of the week and were assessed at € 1050/ton.
However, prices showed an upward trend in US last week due to improved buying sentiments in the region.
At the end of last week, US propylene prices were assessed at 65.65 cents/pound, a rise of 4 cents/pound as compared to September 15.
Fibre2fashion News Desk - India