Wednesday, November 21, 2007


As demand from downstream Polypropylene producers intensified in Asia, propylene prices rose to US$1105/MT in the week of November 19, 2007. Demand from downstream PP producers was seen firm last week and FOB Korea prices went up to above USD1090/MT FOB Korea level. Propylene supply across Asia remained tight due to short supplies despite the restart of Taiwan's Formosa 900,000 tpa no.2 naphtha cracker at Mailiao as demand from downstream PP producers was seen firm.

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