Propylene prices continue to remain flat in Asia

Despite weaker crude values, propylene prices remained stable in Asia on Tuesday.

An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, "Prices were left unchanged due to muted purchasing activity in the Asian region."

FOB Korea propylene prices on Tuesday were assessed at the USD 820-830/mt levels, rolled over from Monday’s assessed levels.

CFR China propylene prices on Tuesday were assessed at the USD 845-855/mt levels, unchanged from Monday.

In plant news, Tianjin Bohai Chemical Group has restarted its Polypropylene (PP) unit on February 24, 2025. The unit was shut for maintenance on February 6, 2025. Located in Tianjin, China, the unit has a production capacity of 300,000 mt/year.