Today, ex-factory price of propylene from Qingdao Refinery surged by 50 yuan, with implementation level at 11,820 yuan per ton, including 10 yuan of loading charges. Actual transactions enjoyed price concessions; sales and inventory are moderate. The plant maintains production capacity of 80,000 tons per year.
HSBC plant also raised the price of propylene to 11,950 yuan per ton, although concessions were given to actual transactions. Propylene supply situation is in a tight spot as some manufacturers in Shandong have stopped production.
Price from Zhenghe petrochemical in Guangrao is up by 50 yuan, with implementation level at 11,800 yuan per ton. As presently, the acrylic device has returned in its normal working condition, the plant consumes most of its propylene.
Ex-factory price of propylene from Zhongyuan Oil field is in stability, its implementation level is currently at 11,600 yuan per ton; the company enjoys a fair sale, with limited inventory.
Propylene prices from Tianjin Petrochemical is stable, with implementation price is at 11,300 yuan per ton. The plant has a capacity of 40,000 tons per year.
The offering price from Tianjin Dagang is at 11,400 yuan per ton, device is driving normally, sales are fair, inventory is limited.
Market express of propylene prices on April 23
Propylene prices in Far East region:
Propylene, FOB South Korea, at US $1330-1340 per ton.
Propylene prices in European region:
Propylene (polymerization level), FD Northwest Europe, at Euro 865-870 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 860-865 per metric ton.
Propylene price in the United States:
Propylene (refining level) FAS Houston at US cent 62.5-62.8 per lb.
Fibre2fashion News Desk - China