Asian propylene hits 9-month high amid tight supply, firm feedstocks, plant shutdowns

Asian propylene prices have risen to levels not seen in about nine months amid rising propane prices, several plant shutdowns in Northeast Asia, and an uptick in downstream demand ahead of the Lunar New Year holidays, market participants told Platts, part of S&P Global Energy. The Platts-assessed CFR China marker has hovered around $820/metric ton over Jan. 26-27, the highest since April 25, 2025,Asian propylene prices have risen to levels not seen in about nine months amid rising propane prices, several plant shutdowns in Northeast Asia, and an uptick in downstream demand ahead of the Lunar New Year holidays, market participants told Platts, part of S&P Global Energy. The Platts-assessed CFR China marker has hovered around $820/metric ton over Jan. 26-27, the highest since April 25, 2025,Read More