The hottest propylene price in Asia hit a 15 week

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Propylene prices in Asia hit a 15 week high of $1400/ton

it is reported that propylene trading prices in Asia reached a 15 week high of $1, and another $400/ton CFR Northeast Asia, and will continue to rise in the short term. Stimulated by strong Chinese buying and tight regional supply, insiders said on Tuesday that as of the 14th, propylene prices were $1, 380/ton CFR Northeast Asia, up 3% from the beginning of March

market participants said that due to the tight supply caused by the maintenance of some ethylene cracking units in Asia, the price of propylene rose. At present, several propylene production units in Taiwan have been shut down for maintenance. The catalytic cracking unit of Formosa Plastics Petrochemical (FPCC) Mailiao has been shut down for maintenance and will be restarted at the end of June. Increasing the utilization ratio of magnesium alloy and carbon fiber parts can produce (4) about 375000 tons of propylene per year for starting the oil pump

in addition, Taiwan's CNPC plans to shut down its heavy oil catalytic cracking unit (RFCC) in Dalin refinery in August for two months of maintenance, with a propylene capacity of 10000 tons/year. In addition, the supply of propylene from Japan may also decrease in the coming weeks, if the acrylic acid (AA) plant of Japanese catalyst is restarted, a regional trader said. Japanese catalyst may restart its 80000 ton/year acrylic acid (AA) plant at the end of June

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