Monday, May 03, 2010

Intensive shutdowns to lend support to propylene costs

Asian spot propylene prices have risen by US$45/ton when compared to the beginning of April. As per Chemorbis, current spot propylene prices stand at around US$1290/ton FOB Korea. Dwindling supply leevels and maintenance shutdowns at 21 plants in Asia over the next few months are expected to give support to propylene costs over the near term.

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