Asian Propylene: CFR China marker falls $10-15/mt on-weak
downstream PP demand- Buyers shun propylene
imports- Nan Ya Plastics closes 2-EH
unit on May 12 due to glitchThe Asia propylene market declined May 12
on weak downstream-polypropylene demand.-At 4:30 pm Singapore time, the ICE
July Brent crude oil futures-contract was down $2.44/b from the previous Asian
close at-$74.52/b at 0830 GMT.-"This week seems soft, China PP is really
bad," said a South-Korean propylene producer.-Another South Korean
end-user said weak crude oil price has-hit demand for propylene.-The price
spread between polypropylene and propylene-stood at $20/mt May 12, lower than
the typical breakeven spread-of $150/mt, S&P Global Commodity Insights data
showed.-In plant news, Taiwan's largest 2-ethyl hexanol producer Nan-Ya
Plastics unexpectedly shut its 205,000 mt/year 2-EH unit at-Mailiao May 12 due
to a technical glitch.-"Our...