19 July 2012 05:40 [Source: ICIS news]
The start-up of the RFCC had previously been postponed due to construction delays.
The RFCC can produce 400,000-450,000 tonnes/year of propylene, which will be supplied to its domestic customers. Exports will be considered only after local demand is met, the source said.
Some market participants expect the start-up of CPC’s new propylene unit to eventually exert downward pressure on spot prices in northeast Asia as import demand into
Propylene spot prices were assessed at $1,330-1,390/tonne (€1,091-1,140/tonne) CFR (cost & freight) northeast
($1 = €0.82)
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