- Shandong propylene gains Yuan 85-90/mt- China's Jiangsu Sailboat is
running 260,000 mt/year No. 3 ACN unit at 85%-90% after
restarting





As some Chinese buyers returned buying
interest, the CFR China propylene market climbed on July 19. The September ICE Brent crude oil futures rose
$2.97-3.50/b over the previous Asian session of July 18, to $106.44-120.50/b by
0830 GMT Asian close, July 19. This support helped the battered propylene
industry. The imports market also received support due to rising domestic propylene prices. China
Shandong propylene price rose from Yuan 85-100/mt to Yuan 7,325-7,500/mt exp-tank A Chinese
propylene producer said that buyers believe that there will be less import
supply next month because many crackers have cut their run rate to offset their
losses. Another Chinese trader stated that propylene
import prices were unlikely to drop further...