- Shandong propylene down Yuan85-100/mt- Jiangsu Sailboat closes No. 3 ACN plant



Dec. 7, saw the propylene market remain
stable as buyers stopped buying due to weak downstream polypropylene. The February ICE Brent
crude oil futures contract fell $3.33/b from its previous Asian close of
$79.36/b 0830 GMT. This affected sentiments in CFR China marker. A Korean propylene producer said that oil dropped
significantly overnight and weighed on market sentiment. Shandong propylene dropped Yuan 85/mt to Yuan 7,565/mt
Ex-tank. A propylene producer from
northern China said that some PP plants in Shandong had reduced production due
to very low margins. This has dragged down domestic propylene prices. China's Jiangsu Sailboat Petrochemical shut down one of two
130,000 mt/year production units at its No.3 Acrylonitrile Plant at Lianyungang
due to weak pricing and the closing of its...