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Propylene prices edge higher in Asia

Petrochemical industry | 17 Oct 2020 08:30 IST | Polymerupdate.com

This week, propylene prices inched higher in Asia. Reports of limited product availability in key markets like China supported the price rise.

Propylene prices were at the USD 880/mt FOB Korea levels, while CFR China propylene prices were at the USD 920/mt levels, both gain of USD 5/mt from the last week.

Meanwhile, CFR South East Asia propylene prices were assessed steady at the USD 865/mt levels.

In plant news, Idemitsu Kosan, is expected to restart its cracker by end-October 2020. The cracker was shut down for a maintenance turnaround on September 7, 2020. Located at Tokuyama, Japan, the cracker has an ethylene production capacity of 690,000 mt/year and propylene production capacity of 110,000 mt/year.

In other plant news, JG Summit Petrochemical Corp, has brought on-stream its Naphtha cracker on October 5, 2020 following an unplanned outage. The cracker was shut owing to technical issues caused by fire on September 25, 2020. Located in Batangas City, the Philippines, the cracker has an ethylene capacity of 320,000 mt/year and propylene capacity of 190,000 mt/year.
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