IHS Chemical Week

Asia Propylene Prices on the Rise

1:17 PM MDT | March 18, 2011 | Lindsey Bewley

Naphtha dipped to USD 940.0-942.0 from USD 985-987. The tsunami in Japan has caused panic in the markets. This situation is expected to haunt for the coming number of months. The markets are sluggish at the moment and hence the pick up of the product is quite low.   Ethylene turned sluggish to USD 1300-1310 from USD 1320-1330 due to low market sentiments. There is ample availability in the market at the moment. Due to the situation in Japan, it is expected that the product availability will tighter in the coming months and thus it is expected that the prices...

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