- Shandong propylene down Yuan200-250/mt- China's Luxi Chemical will restart the production of
oxo alcohol No. 3 swing plant April 13, following works





The April 3 propylene FOB Korea mark
remained stable despite little trading activity on the first trading day. The June ICE Brent crude oil futures contract
rose $6.21/b to $84.21/lb at 0830 GMT, compared with the Asian close. A South
Korean propylene producer said that he was concerned that oil prices will rise.
He also suggested that OPEC's unexpected production cuts could increase
propylene's price. According to reports, propylene supplies from
Korea were tighter than usual as four producers were preparing for a turnaround
in April. However, not all were bullish because weak
downstream PP will likely reduce imports. Shandong
propylene fell Yuan 200/mt and reached Yuan 6,890/mtex-tank. This comes out at
$877/mt CFR...