01 February 2012 07:47 [Source: ICIS news]
SINGAPORE (ICIS)--Several refineries in ?xml:namespace>
PP powder price and propylene price should keep a price gap of at least CNY600/tonne, which could ensure selling PP power can make money.
But the gap has disappeared in the last few weeks, sources said.
From the second half of January, several refineries in
“We have stopped PP powder unit in the middle January and sell around 200 tonnes propylene into market each day,” a company source in Hengyuan Petrochemical said.
Hengyuan Petrochemical located at
“Our PP powder unit is operating at lower rate, and we can sell more propylene into market,” a company source in Dongming Petrochemical said.
Dongming Petrochemical located in
At least 500-600 tonnes of new propylene is expected to be supplied to the market on a daily basis, which will put some downward pressure on propylene price, market sources said.
($1 = CNY6.31)
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