Wednesday, February 27, 2008

FEEDSTOCK - PROPYLENE

Like ethylene, propylene markets of Asia have also dipped, under pressure from a supply glut from Japan. Propylene prices fell to US$1180/MT in Asia in the week of February 25, 2008. Propylene prices have also been affected by the delayed reopening of Taiwanese Formosa’s PP plant in Ningbo, China. This delay has caused an abundant supply of propylene from the company.

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