Asian propylene is stable in thin trading■ Shandong Propylene down Yuan65/mt■ Taiwan's CPDC to startThe Kaohsiung ACN Line around the Nov. 14
Asian Propylene Market remained unchanged on Sept. 2, as buyers were reluctant
to purchase materials. The
November ICE Brent crude oils futures contract was $0.74/b higher than the
Asian close at $94.92/b 0830 GMT Sept. 2. This small increase in buying
interest did not stimulate buying activity as buyers weren't in a rush to
purchase materials due to the availability of cheaper domestic material. Shandong propylene fell Yuan 65/mt to Yuan 6,885/mt Ex-tank. Others hoped for recovery in September-October, as China
reduced interest rates last week. Initiatives to boost the economy with cash
liquidity would eventually help. China
Petrochemical Development Corp., Taiwan, plans to restart its 120,000 mt/year
Acrylonitrile Production Line in Kaohsiung sometime...