Propylene prices in the Far East region have been plunging since the last two fortnights continued to do on September 16 and declined by US $35 per ton, when compared with prices prevailing on September 9.
FOB South Korea slid back from $1020-1022 recorded on September 9 to touch $985-987 per ton on September 16.
However, 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.
Propylene prices in the US market, too continued the trend of falling and dropped down from US cent 52.005-52.255 per lb recorded on September 9 to US cent 50.380-50.630 per lb, on September 16.
Fibre2fashion News Desk - India
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