Propylene Asia Transcript
ICIS covers the propylene market in Asia and tracks the FOB and CFR markets in both North East and South East Asia. The ICIS Propylene report is seen as a benchmark in Asia. We speak to a wide spectrum of industry players including producers, users and traders to provide daily and weekly updates on the market.
The propylene weekly report takes into account deals and discussions through the week. While prices for the daily report are assessed on information gathered during the actual day.
As a result the assessments for the daily and weekly reports are independent and separate. We also provide daily real-time price updates through our price alerts and noon snapshots. As propylene is a co-product of ethylene market players are keen to be informed of cracker developments in the region.
The weekly report has a section on production news capturing any significant cracker developments through the week. It also features a graph showing the price movement between propylene and the key derivative polypropylene market.
ICIS in Asia has been reporting on propylene for close to 20 years and our price assessments are often used as a benchmark for contract negotiations in Asia.