PROPYLENE

Propylene gained in value and rose to US$1155/MT in Asia in the week of December 17, 2007, mainly on account of restricted supplies in the region. Only a small number of deals were concluded as the market lacked in suppliers’ offers, pushing up prices. Supplies from Taiwan are also expected to be affected next month as Formosa plans to shut down its metathesis unit at Mailiao for a month long turnaround.

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