IHS Chemical Week

Prices in Asia Move Lower

8:57 AM MDT | August 31, 2011 | Lindsey Bewley

Naphtha prices moved from USD 940.0 - 942.0 to USD 945.0-947.0 on rising crude oil prices. Ethylene price levels maintained at USD 1100-1110. A number of plants have been in the past few weeks, and demand for derivative products has been lower. Ample availability of the product is expected in the coming weeks. Propylene moved up from USD 1480-1490 to USD 1500-1510. Polypropylene, meanwhile, moved to USD 1530-1540. Propylene prices are expected to be strong in the coming months as more on-purpose propylene plants are being planned; however, the propylene produced...

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