Propylene Prices, markets & analysis
ICIS provides reliable and trustworthy weekly price assessments for propylene in Asia, China, Europe and the US. Daily market intelligence is also available for coverage of the Asian markets. Depending on the region, quotations are for spot and contract. Our locally-based expert reporters can provide those involved with propylene or related markets with up-to-date and unbiased intelligence allowing this essential tool to be used in decision-making processes.
Market commentary gives news and analysis on day to day activity, production updates, upstream and downstream movements, import and export activity and any other key factors influencing prices.
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 Q1 2016
US propylene prices will likely experience a slow climb in the first quarter as supply length varies on the preferred US cracker feedstock, ethane vs propane.
Refinery propylene production will also likely remain robust on strong operating rates supported by demand for gasoline, given low prices.
Propylene supply in northeast Asia is expected in lengthen in Q1 2016, with additional capacity from SK Advanced’s 600,000 tonne/year propane dehydrogenation (PDH) unit expected to come on stream by March in Ulsan, South Korea.
In southeast Asia, IRPC’s 320,000 tonne/year direct catalytic cracker (DCC) in Rayong, Thailand, is likely to achieve on-spec production in Q1.
The European propylene market is expected to continue its tale of two halves – where polypropylene and propylene oxide derivatives remain healthy, but with other derivatives struggling in the face of global competition.
Global oversupply is expected to persist and this will continue to take its toll on certain derivatives' performance and ultimately on European propylene supply.
News & analysis
Propylene news & analysis
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Propylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
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