Propylene prices moved up sharply due to restricted supplies as exports from Taiwan and S. Korea dwindled.
Propylene prices moved up sharply to US$1280/MT in Asia in the week of March 31, 2008, mainly on restricted supplies as exports from Taiwan and S. Korea dwindled. Exports from South Korea have been hit as S-Oil Corporation has been affected by plant outage due to a power failure. Normal operations are expected to resume when the plant comes back on stream in a few days. A few deals for early May shipment to China were done at US$1300/MT FOB Korea.
Thursday, April 03, 2008
PROPYLENE
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