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European propylene prices down last week from ample supply
07 Oct '14
1 min read
During last week ending Oct 2, propylene prices declined due to ample of product availability in the European market coupled with weak downstream demand.
Asian propylene selling offers also decreased in the week from a poor energy market and prices went down due to bearish buying activity in key markets like China, ahead of the Golden Week holidays in early October.
In the Chinese market, propylene trends dropped by US$ 10/ton and were offered in the range of US$ 1345/ton to US$ 1350/ton.
Propylene prices in F E Asian market were quoted in the range of US$ 1290/ton to US$ 1295/ton, while in S E Asian market; they were assessed in the range of US$ 1235/ton to US$ 1240/ton.
In the Indian market, propylene prices were quoted at US$ 1240/ton.
In European market, selling offers for propylene were in the range of € 1045/ton to € 1050/ton.
Asian propylene selling offers also decreased in the week from a poor energy market and prices went down due to bearish buying activity in key markets like China, ahead of the Golden Week holidays in early October.
In the Chinese market, propylene trends dropped by US$ 10/ton and were offered in the range of US$ 1345/ton to US$ 1350/ton.
Propylene prices in F E Asian market were quoted in the range of US$ 1290/ton to US$ 1295/ton, while in S E Asian market; they were assessed in the range of US$ 1235/ton to US$ 1240/ton.
In the Indian market, propylene prices were quoted at US$ 1240/ton.
In European market, selling offers for propylene were in the range of € 1045/ton to € 1050/ton.
Fibre2fashion News Desk - India
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