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Propylene prices climb in Asia

Petrochemical industry | 18 Jul 2020 08:30 IST | Polymerupdate.com

This week, propylene prices climbed higher in Asia. The price rise was supported by a week on week rise in upstream crude and naphtha values, coupled with limited product avails in key markets like China.

Stronger downstream PP pricing trends, further supported the price gain.

Propylene prices were assessed higher at the USD 785/mt FOB Korea levels, up USD 10/mt from the last week. CFR China propylene prices were assessed at the USD 830/mt levels, a week on week increase of USD 5/mt.

CFR South East Asia propylene prices were assessed higher at the USD 775/mt levels, a rise of USD 10/mt from the last week.

In plant news, Maruzen Petrochemical, has restarted its naphtha cracker, on July 12, 2020. The cracker was shut for maintenance on May 11, 2020. Located at Chiba in Japan, the cracker has an ethylene production capacity of 525,000 mt/year and propylene capacity of 280,000 mt/year.

In other plant news, Sinopec SABIC Tianjin Petrochemical, has brought on-stream its naphtha cracker, on July 12, 2020. The cracker was shut for maintenance on May 9, 2020. Located at Tianjin, China, the cracker has an ethylene production capacity of 1 million mt/year and propylene capacity of 540,000 mt/year.
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