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Propylene prices continue falling in Far East

24
Sep '09
Propylene prices in the Far East region have been plunging since the last two fortnights continued to do on September 23 and declined by US $30 per ton, when compared with prices prevailing on September 16.

FOB South Korea slid back from $985-987 per ton recorded on September 16 to touch $955-957 per ton on September 23.

Propylene (polymerization level) for FD Northwest Europe and CIF Northwest Europe remained constant at levels prevailing on the previous Wednesday at €795-805 per metric ton and €785-795 per metric ton, respectively at closing hours, yesterday.

However, propylene prices in the US market, reversed trend of falling prices and in the process grew from US cent 50.380-50.630 per lb recorded on September 16 to US cent 52.255-52.505 per lb, on September 23.

Fibre2fashion News Desk - China


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