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Propylene prices in Far East Asia fall, rise in US markets

27
Aug '09
Propylene prices in the Far East region which had fallen on August19, continued to do so on August 26 and fell back by US $25 per ton, when compared with those prevailing on the previous Wednesday.

FOB South Korea slid back from US $1100-1102 per ton to touch $1075-1077 per ton on August 26.

Propylene (polymerization level) for FD Northwest Europe touched €770-780 per metric ton and that of CIF Northwest Europe stood at €760-770 per metric ton on closing hours of Wednesday.

Propylene prices in the US markets, which have been witnessing a bullish trend since the last two weeks continued to march from US cent 49.630-49.880 per lb recorded on August 19 to US cent 52.38-52.63 per lb on August 26.

Fibre2fashion News Desk - China


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