FEEDSTOCK - PROPYLENE

Propylene markets lacked movement and stagnated at US$1090/MT in Asia in the week of October 22, 2007. Sellers expect to sell material at least twenty dollars higher than current market prices, resulting in no deals being transacted. Buyers and traders both retreated to the sidelines to wait for a clearer picture of market movement. South Korea's Hyosung Corporation plans to shut down its exchanger unit for a 25-day turnaround in H2- November; resulting in a possible reduction in supply in the region.