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Asian Propylene Prices: Mixed amid tighterJapanese Supplies, SE Asian Supplies recover / Mixed feelings regarding SE Asian Propylene Complex / Poor downstream market demand in Taiwan heard

Asian Propylene Prices: Mixed amid tighterJapanese Supplies, SE Asian Supplies recover / Mixed feelings regarding SE Asian Propylene Complex / Poor downstream market demand in Taiwan heard

Jul 22, 2024

Asian propylene prices were mixed in the week to July 19, withtighter supply leading to an increase in FOB Japan, while theother Asian markers are largely stable as market participantsassess the supply-demand situation in Southeast Asia.The Southeast Asian market appeared to have stabilized froma previous increase in prices across the last two weeks, with amix or pressurized and refrigerated cargoes being traded in thespotmarket.Nonetheless, short-term views on the SE Asian propylenecomplex were mixed. Some market participants find that priceshave peaked and are expecting a downward correction movingforward, while others remain optimistic that pockets of demandwill continue to support the market."Buyers are now covered," a Singapore-based source said,commenting that major regional exporters are continuing to sellpropylene cargoes, pointing toward supply being supported."People's buying ideas are now lower ... and PDH run...

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