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.
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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.
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Upstream of Propylene
Downstream of Propylene
Propylene: Market overview
Updated to Q3 2016
Global propylene supply during the third quarter is pointing to a balanced to long scenario.
Asia is likely to be mostly balanced, as the impact from the starting-up of several new Chinese methanol-to-olefins (MTO) and deep catalytic cracking (DCC) units in Q3 may be somewhat offset by scheduled turnarounds at several crackers and propylene production units in northeast Asia.
In the US meanwhile, prices were relatively steady in the spring despite frequent issues at propane dehydrogenation (PDH) units – including at the PDH that started up in December 2015 – and splitters, so players are expecting already ample supply to lengthen further providing production goes to plan. Additionally, some negative demand pressure from competitively priced imports for downstream polypropylene (PP) could exacerbate propylene supply length and put pressure on prices.
In Europe, propylene supply is expected to normalise moving through July and into August, the impact of the French strikes in June and other cracker upsets gradually fading away together with some deep-sea imports. Cracker operating rates are widely expected to remain high, so propylene players do not anticipate a short market. European players will continue to keep a close eye on global price developments to make sure European derivatives remain in line.
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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