Chemical Updates

Asian Propylene: CFR China stable WOW, CFR SE Asia up $60/mt / Japan propylene exports fall 39% in H1 2026 / SE Asian market rising amid maintenance

Aug 03, 2026

Asian propylene prices slipped July 31, pressured by weaker crude values, declining upstream costs and softer regional market sentiment. Market participants observed subdued trading activity, with one Japanese trader saying, “today [July 31] is very calm,” amid limited buying interest and declining price indications. propylene CFR China at $1,030/metric ton July 31, down $20/mt day over day and stable week over week, reflecting tradable indications heard at $1,000-$1,050/mt. The decline was driven by weaker domestic Chinese prices, lower upstream values and a sharp drop in crude prices, which weighed on broader petrochemical sentiment. Similarly, propylene FOB Korea was assessed at $1,000/ mt, down $10/mt day over day, partially tracking losses in the CFR China market while also reflecting softer feedstock and upstream markets. However, import demand to South Korea was...

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