Asian Propylene: Prices rise on limited supply amid outages in China / Shandong's domestic price jumps 1,200 yuan/mt on week / Naphtha hits multi-month high

Oct 31, 2026

Asian propylene up $70/mt week over week at $1,420/mt CFR China and $1,370/mt FOB Korea on Oct. 30, amid rallying upstream prices, with naphtha hitting a multimonth high and fast-rising domestic propylene prices in China due to production issues and limited supply. CIF Japan naphtha rose to its highest level since early May at $1,082.25/mt on Oct. 30, while in China, the supply was limited by shutdowns at some propane dehydrogenation units amid expectations of delayed restarts. “Market firm because Zhenhua delays PDH restart,” said a Northeast Asian producer, adding that “strong crude, naphtha, propane” was also affecting the market. Looking ahead, crude throughput at China's state-owned refineries faces further downward pressure in November as high feedstock costs and weakening margins prompt some plants to consider voluntary run cuts on...

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