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Propylene prices for Far East stabilize

13
Nov '08
Propylene market reflects the effects of global financial down turn. Prices for the both crude and propylene have slipped considerably in the recent times.

Most of the importing regions like the US and Europe showed a down trend, where as the Far East showed stability on November 12, in comparison to the previous week.

Propylene prices in Far East region:

Propylene, FOB South Korea, at US $409-411 per ton.

Propylene prices in European region:

Propylene (polymerization level), FD Northwest Europe, at Euro 700-710 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 690-700 per metric ton.

Price in the United States:

Propylene (refining level), FAS Houston, at US cent 17.000-17.250 per lb.

Fibre2fashion News Desk - China


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