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.
Courtesy: Weekly PriceWatch Report
