Propylene Prices Remain Stable In Asia
Petrochemical industry | 05 Oct 2019 09:30 IST | Polymerupdate.com
This week, propylene prices were assessed flat in Asia, despite a sharp week on week drop in upstream crude and naphtha rates coupled with continued dull regional buying sentiments.
FOB Korea propylene prices, were assessed steady at the USD 910/MT levels, while CFR China propylene prices, were assessed flat at the USD 930/MT levels.
In plant news, Haldia Petrochemicals Ltd (HPL) has resumed operations at its cracker, polyethylene (PE), and polypropylene (PP) units, in early-October 2019. The complex was taken off-line on September 20, 2019 owing to a fire at the complex. Located at Haldia, West Bengal, the complex can produce 700,000 MT/year of ethylene and 350,000 MT/year of propylene and provides feedstock to a 330,000 MT/year high density PE plant, a 370,000 MT/year HDPE/LLDPE swing plant and a 350,000 MT/year polypropylene plant.
In other plant news, Shell Singapore has undertaken a planned shutdown at its cracker, on October 1, 2019. The cracker is expected to remain off-line for around 10 weeks. Located at Pulau Bukom Island in Singapore, the cracker has an ethylene production capacity of 1.15 million MT/year and propylene capacity of 540,000 MT/year.