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Propylene prices for Far East plummet

18
Dec '08
On the basis of demand and supply situation and declining crude prices in the international market, propylene prices showed considerable fluctuation in various markets.

On December 17, propylene prices for regions like Far East and Europe demonstrated a considerable plunge, as inventories in these markets are quite high; where as prices in the US region accelerated in comparison to the previous week.

Propylene prices in Far East region:

Propylene, FOB South Korea, at US $459-461 per ton.

Propylene prices in European region:

Propylene (polymerization level), FD Northwest Europe, at Euro 330-340 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 320-330 per metric ton.

Price in the United States:

Propylene (refining level), FAS Houston, at US cent 13.250-13.500 per lb.

Fibre2fashion News Desk - China


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