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Propylene prices from domestic manufacturers

03
Apr '08

On April 3, ex-factory price of propylene from HSBC petrochemical is in stability, with implementation level at 11,600 yuan per ton. Actual contract provides concessions, although sales are good, inventories are lower.

On this day, propylene price from Jincheng Group Petrochemical remained stable with implementation level at 11,800 yuan per ton. Even though inventories are normal, manufacturer are providing concessions for actual transactions.

The implementation price of Propylene from Jinzhou Petrochemical stayed firm at 10,850 yuan per ton. The manufacturing facility is operating normally, sales are fair, and inventories are not high.

Implementation level of Tianjin Petrochemical is at 11,300 yuan per ton, but actual deals are provided with concessions, sales are fair, inventories are low, the plant has a capacity of producing 40,000 tons of propylene per year.

The ex-factory price of propylene from Qingdao Refinery is in stability, its implementation level is at 11,420 yuan / ton (including 10 yuan loading fare), actual deals enjoy concessions, sales and inventories are moderate. The plant produces 80,000 tons per year.

Market express of propylene prices on April 3

Propylene prices, on April 3, showed a mixed trend for almost all countries. Far Eastern region saw a jump in prices where as the European regions demonstrated slight fall compared to last week.

Propylene prices in Far East region:

Propylene, FOB South Korea, at US $1270-1280 per ton.

Propylene prices in European region:

Propylene (polymerization level), FD Northwest Europe, at Euro 870.00-875.00 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 cents 59.8-60.00 per lb.

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