The hottest propylene international market

2022-08-09
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Propylene international market quotation

fob South Korea CFR Northeast Asia CFR Southeast Asia CFR Taiwan

propylene n/a n/a

Asian buyers are unwilling to buy, forming a strong contrast with the strong desire of sellers to sell, which makes propylene prices continue to fall this week. Although many buyers have signaled that the demand for goods on November 11 is basically completed, other buyers are uncertain about whether they still need to buy goods, because the downstream market is also unstable

Northeast Asia: the operating rate of naphtha cracking unit in Japan is about 80% on average. However, as the cracking profit is shrinking day by day, it is not ruled out that some manufacturers may complete the shutdown. At the beginning of this week, traders tried their best to maintain their quotation to China at $380/ton (CFR China), but the last batch of polymer grade propylene shipments were sold at a price of less than $370/ton (CFR Nanjing). The shipment arrived at the end of November with a quantity of 1200 tons. The seller was surprised by the new quotation of Chinese buyer USD/ton (CFR China), so this price level is basically at the cost price level. Last Friday, the naphtha price also reached USD/ton (CFR Japan). In South Korea, South Korean manufacturers are not interested in the bid price of 330 US dollars/ton (FOB South Korea) from the buyer and think that this bid price is too low. A cracking unit with an annual capacity of 500000 tons was shut down on Thursday because the operation of the plastic granulator touched on a wide range of fields of the national economy for about five days. South Korea's newly expanded cracking unit with an annual capacity of 690000 tons has restarted its original seven furnaces on Thursday, with an operating rate of 50% on Friday, and plans to start two new furnaces at the weekend. In Taiwan, a supplier from the Middle East wants to find a buyer in Taiwan to sell its ton shipment in December, but it is said that there is little hope of success. The contract price of polymerization grade propylene in Taiwan in October was 363 US dollars/ton (delivery price), and the price of chemical grade propylene was 330 US dollars/ton (delivery price)

Southeast Asia: the southeast speed regulation range is wide, and the supply and demand of propylene oxide has changed from the tense situation two weeks ago to sufficient, because there are many potential supply sources in the near future. The buyer has a strong wait-and-see attitude due to production problems or the expectation of a long holiday in the second half of December. A buyer in the Philippines confirmed that he wanted to buy a ship delivered in the second half of November, and another buyer in Indonesia also wanted to buy a ship delivered in December. The Philippine buyer rejected the offer of $380/ton (CFR Philippines), saying that the buyer wanted to buy the shipment at $370/ton (CFR Philippines). A producer in Southeast Asia plans to sell 6000 tons of November and December shipments next week. It is said that the buyer's bid for the shipment ranges from US dollars per ton (FOB). A supplier from the Middle East had previously intended to sell its ton of propylene cargo shipped in December to Taiwan, but it was expected that the success of the cargo transaction was uncertain, so it wanted to offer a quotation to Southeast Asia

Asian contract price:

Taiwan's import contract price in the fourth quarter: the actual price of the first contract in the fourth quarter has not been determined. Market participants observed that the final negotiation price in Taiwan in the fourth quarter may be set at US $423/ton (CFR Taiwan), because most sellers hope to reach an agreement at the price of US $435/ton (CFR Taiwan such as Peek (polyether ether ketone) or Pai (polyamide imide) resin and other materials can operate at the same time under high temperature Zui up to 9999 hours and high speed and high pressure conditions). It is reported that the final negotiation price of the second contract is US $408/ton, which requires a cargo capacity of 5000 tons and a delivery period of November and December

local contract price of Taiwan polymerization level in October: the contract price of polymerization level in October is US $363/ton (delivery price). The contract price of polymerization level in September was 385 US dollars/ton (delivery price). The contract price of chemical grade in October is 330 dollars/ton (delivery price), and the contract price of chemical grade in September is 352 dollars/ton

import price in South Korea in the fourth quarter: the Japanese contract seller and a regular importer in South Korea have reached a consensus on the aggregate contract price in the fourth quarter, which is 415 US dollars/ton (CFR South Korea). It is said that the contract price range of chemical grade is USD/ton (CFR Korea)

Korean local contract price in the fourth quarter: the transaction price of pipeline transportation is 419 dollars/ton (410 dollars/ton in the third quarter), and the transaction price of shipping is 424 dollars/ton (CFR) (415 dollars/ton in the third quarter). Note: if the difference between the published spot price and the quarterly agreed price exceeds $50/ton, the monthly contract price in 2001 will need to be adjusted

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