Asian Propylene: Prices rise in line with high feedstock costs / CFR China up $10/mt on day / GS Caltex raises cracker run to 80%

Oct 29, 2026

Asian propylene prices rose Oct. 28, on the back of strong crude oil markets. propylene FOB Korea up $10/mt day over day at $1,340/mt and CFR China up $10/mt day over day at $1,390/mt. Rising oil prices and futures market trends have bolstered market sentiment in the Chinese market. Downstream plants and traders have started purchasing after holding off on procurement earlier, market sources said. In downstream markets, Chinese PP exports up $30/mt day over day and $40/mt on week at $1,340/mt FOB China. PP traders said that prices have started to strengthen due to cost-push from upstream propylene and eroding margins. Domestic PP prices also saw an increase, with domestic Chinese raffia up 300 yuan/mt day over day and up 700 yuan/mt on week at 9,550 yuan/mt ex-works China....

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