- Buyers delay purchases- Jiangsu Sailboat to maintain Lianyungang PDH plant run
rate in May



On May 11, the Asian propylene markets
remained unchanged, with buyers showing little interest in importing. The propylene market was
not supported by a stronger crude oil market. The July ICE Brent crude futures contract at 4:30 pm Singapore
time was $0.65/b higher than the previous Asian closing at $76.96/lb. "Still, sentiment is not positive. Especially the PP
[polypropylene] industry continues to be weak. A South Korean propylene manufacturer said that China's
economic situation appears to be stagnant. The Shandong propylene price dropped Yuan 170/mt in one day,
to Yuan 6,700/mt. After taking into
account foreign exchange rates, taxes and other factors, the price was $857-877/mt
CIF China. Jiangsu Sailboat Petrochemical
in China will keep the production rate of its 700,000 mt/year...