Acrylonitrile markets derived strength from upstream
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Asian propylene prices were firmer in Northeast Asia due to tight supply and demand picking up in downstream sector particularly in the polypropylene market in the week of 4 July. The Asian marker, FOB Korea rose US$15 on the week to be assessed at US$1,394-1,395 a ton. The FOB Japan was pegged at US$1,375-1,377 a ton. Meanwhile, in Europe, chemical-grade propylene prices fell induced by supply glut which has been outpacing demand in recent weeks. Spot was down Euro12 on the week, to Euro1,055-1,060 a ton FD NWE and Euro1,035-1,040 a ton CIF NWE.
