Asian Propylene: China prices soften amid downstream resistance / CFR China down $10/mt on day / PP-Propylene spread in negatives

Oct 17, 2026

Chinese propylene prices softened Oct. 16, as downstream demand showed greater resistance against any further price upticks. propylene FOB Korea down $10/mt day over day but up $40/mt week over week at $1,300/mt. CFR China down $10/mt day over day and up $50/mt week over week at $1,350/mt. the propylene price in Shandong and East China down 50 yuan/mt day over day and up 450 yuan/mt week over week at 10,650 yuan/mt. Downstream buyers continued to adopt a wait-and-see stance, expecting further declines, with demand remaining weak, market sources said. Downstream PP raffia CFR FE Asia was down $10/ mt day over day on Oct. 16. Margins remain squeezed and PP producers said that they were unable to match any further propylene price hikes. The domestic PP-propylene price spread was...

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