Offers from HSBC petrochemical indicates stability, with implementation price at 11,500 yuan per ton. Actual contracts provided some concessions with good sales, however, inventories are lower.
Ex-factory price of propylene from Guangrao Zhenghe Petrochemical is up 50 yuan to its current implementation level at 1,550 yuan per ton. Although sales are fair, lower inventories have become a matter of concern.
Market express of propylene prices on Mar 26
Propylene prices, on March 26, showed a mixed trend for almost all countries. Far Eastern region saw a jump in prices where as the European regions demonstrated stability compared to last week.
Far east region propylene prices:
Propylene, FOB South Korea, at US $1220-1230 per ton.
European region propylene prices:
Propylene (polymerization level), FD Northwest Europe, at Euro 865.00-870.00 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 855.00-860.00 per metric ton.
Fibre2fashion News Desk - China
marketing@alchempro.com
