On June 18, propylene price from Guangrao petrochemical was quoted at 15,800 yuan per ton. Inventories were at low level. Acrylate and esters devices are operating in normal condition.
Most of the products that the company produces are for self-consumption; however a small part is for exports, which supports the stability of high price level.
On this day, Zibo Petrochemical HSBC offers propylene price at 15,500 yuan. Sales saw a sluggish trend and inventories were also not very high. But polypropylene from lower reaches starts to relax and propylene price also sees slight concession.
Fibre2fashion News Desk - China
marketing@alchempro.com
