Monday, October 13, 2008

Lackluster buying flattens propylene prices in Asia by over US$150

Deficient downstream demand in Asia coupled with mounting inventories have been responsible for pulling down propylene prices by over US$150/MT to US$900/MT FOB Korea. Buying interest continues to wanne as players prefer to wait and watch for yet another price dip in line with plummeting feedstock naphtha prices that sunk lower than US$600/MT.

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