Asian polypropylene rises in line with increased propylene values

This week, propylene prices strengthened by almost US$150/MT in Asia, as demand in China improved. FOB Korea December shipment propylene was up to levels of US$425/MT. Polypropylene prices also rose in line with increasing input costs and improving demand. After successful conclusion of CFR China deals at US$725/MT, sellers hiked offers for yarn/injection grade by about 50-60 dollars. Infact, CFR China offers for next month shipment were pegged at highs of US$825/MT. Reliance Industries Ltd. has restarted one of its polypropylene lines at Jamnagar with a capacity to produce 250,000 tons, shuttered since the end of last month, and Formosa has also hiked operating rates to 80%.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha