Tuesday, November 27, 2007

FEEDSTOCK - PROPYLENE

Propylene prices sustained at last weeks' levels of US$1100/MT in Asia in the week of November 26, 2007. The markets remained lackluster as buyers and sellers refrained from activity due to bullish downstream PP prices. An unexpected shutdown of SamsungTotal's naphtha cracker had limited effect on Asian propylene prices; as Samsung Total also closed its downstream PP plant, restricting demand.

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