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Asian marker, FOB Korea was up 8.9% in December while it declined 8.4% YoY, and CFR China rose 9.7% from November while it fell 8.5% YoY.

Propylene prices in Asian markets rose in December as downstream PP makers strengthened while Chinese ports saw congestion.

In Europe, propylene markets were on bullish contract price expectation in January. In US, December propylene offers dropped on the month.

In Europe, CG propylene jumped 6.2% from November while it was down 24.8% YoY. Spot polymer-grade propylene prices in US were down 0.7% on the month.

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Asian propylene markers jumped US$48-54 a ton CFR China and FOB Korea in the second week of December. Propylene prices continued to surge day on day throughout the week as downstream PP makers strengthened further while port congestion in China hated to ease. Asian markers gained 6% on the week having gained more than US$70 in just two weeks.

In US, December propylene discussions were ongoing expecting drop, with sellers and buyers still wide apart on the amount that monthly pricing should fall. Chemical grade propylene spot inched up US cents 1.50 per pound FD USG on the week.

Related Keywords: acrylic prices, acrylonitrile prices, ASF prices, crude oil prices, Propylene prices in Asia, Propylene prices in China, Propylene prices in Europe, Propylene prices in US