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 Q1 2015
European propylene supply and demand is expected to be relatively well-balanced. Supply will be impacted by the continued absence of volumes from Shell’s Moerdijk, Netherlands cracker as well as other plant turnarounds, but offset by the ongoing outage at a joint venture derivative plant in the Netherlands and high utilisation rates at crackers in general. Sources are anticipating reasonably healthy demand, albeit restocking on a hand-to-mouth basis, stimulated by the lower energy complex as well as the weak euro.
In the US, propylene production is expected to remain strong in the first quarter, owing to several cracker expansions in 2014 and the increased attractiveness of heavier feeds relative to ethane as the global energy markets remain soft. While refinery-grade propylene (RGP) prices have already fallen significantly, polymer-grade propylene (PGP) prices seem set to hold steadier and increase their premium over RGP.
The northeast Asian propylene market is expected to remain well-supplied in the first quarter of 2015 ahead of the start-up of two Chinese propane dehydrogenation (PDH) units, but sellers are hoping that a series of plant turnarounds at several exporting countries and a possible rebound in Taiwan’s domestic demand will help support prices.
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.
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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