Asian Propylene: Prices rise $30-$60/mt WOW; Chinese prices start cooling / CFR China up $60/mt WOW to $1,160/mt / No significant uptick in downstream demand / South Korea supply eases

Sep 05, 2026

Asian propylene prices rose in the week to Sept. 4, in line with stronger crude oil prices earlier in the week. propylene FOB Korea stable day over day and up $60/metric ton week over week at $1,120/mt, while CFR China was stable day over day and up $60/mt week over week at $1,160/mt. Chinese domestic and dollar-denominated prices spiked early in the week due to rising crude prices, amid an escalation in the US-Iran conflict. However, prices began cooling Sept. 3 as downstream demand for PP and ACN did not show any significant signs of improvement. “Downstream propylene users cannot accept any more uptick in prices, so they are starting to come down now,” said a Chinese trader. the propylene price in Shandong down Yuan 100/mt day over day and...

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