Propylene Prices, markets & analysis
ICIS offers trusted and reliable market intelligence for those buying or selling Propylene or related products in the global Propylene market.
Our reporters across Asia, Europe and the US keep in touch with local markets, bringing you price assessments, in-depth news and analysis which you can rely on to guide you in your commercial decisions.
Our editor gives their expert view
Propylene overview Transcript
Propylene is a gas and belongs to the olefin group of petrochemicals. Along side ethylene it is one of the most important building blocks in the petrochemical industry.
Propylene consumption is dominated by the production of polypropylene, which accounts for about 60% of global propylene demand. Other important derivatives of propylene are: acrylonitrile, propylene oxide, acrylic acid and oxo-alcohols. All of these have a wide variety of uses in the industrial and commercial sectors.
Propylene is primarily produced along side ethylene in the steam cracking process, the steam cracking of petroleum based products such as gasoline, naphtha and LPG. Propylene is also produced as a by-product of gasoline manufacture in fluid catalytic crackers (FCC's) in refineries.
There is also the propylene dehydrogenation route for the production of propylene.
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Propylene news and market information products from ICIS
We offer the following regional Propylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Propylene marketplace.
Price Reporting – More information about the price reports we publish on Propylene
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Propylene
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Propylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Upstream of Propylene
Downstream of Propylene
Propylene: Market overview
Updated to Q3 2015
US propylene prices in the third quarter are expected to continue falling as cracker and refinery production levels hold strong. While domestic demand is expected to remain healthy, export demand for propylene and its derivatives is not anticipated to climb sufficiently to offset the length in supply.
Production in Europe is expected to normalise as all except one cracker will be running fully from the second half of July. The restart of Shell’s Moerdijk, Netherlands cracker after an absence of nearly 10 months is seen as key. Demand is likely to defy the traditional summer lull, although the higher costs of propylene in Europe relative to those in Asia and the US could undermine the ability of the European downstream companies to compete in the global market.
Asian prices are expected to come under pressure from increased capacities in China and South Korea in the third quarter. Several new plants are scheduled to start up in China between the end of June and August. They include Wanhua Chemical’s 750,000 tonne/year propane dehydrogenation (PDH) plant and Shandong Yangmei Hengtong’s methanol-to-olefins (MTO) plant with a propylene capacity of 180,000 tonnes/year. Exports from South Korea will likely go up when two plants with a combined supply of 440,000 tonnes/year come onstream in August/September.
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Propylene news & analysis
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Propylene is a colourless, flammable gas that burns with yellow, sooty flames. It is a dangerous fire risk because it is highly flammable and explosive when mixed with air or oxygen.
The dominant outlet for propylene is polypropylene (PP). Propylene is also used to produce acrylonitrile (ACN), propylene oxide (PO), a number of alcohols, cumene and acrylic acid.
The two main sources of propylene are as a byproduct from the steam cracking of liquid feedstocks such as naphtha as well as LPGs, and from off-gases produced in fluid catalytic cracking (FCC) units in refineries. The remainder of propylene is produced using on-purpose technologies such as propane dehydrogenation (PDH) and metathesis.
Propylene is highly flammable and needs to be stored in pressurised or refrigerated tanks.
Upstream of Propylene
Downstream of Propylene