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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News & Analysis - News & market analysis specifically relating to Propylene
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Upstream of Propylene
Downstream of Propylene
Propylene: Market overview
Updated to Q1 2017
Northeast Asia’s propylene markets may see a dull start to the year with some new start-ups projected in China. While supply may have lengthened on paper, it remains to be seen if a lack of vessel space will continue to hamper trades in northeast Asia. Restocking activities ahead of the Lunar New year holiday may help provide support to the spot market.
In Europe, the outlook is bullish for Q1 2017 on the back of supply constraints due to planned plant maintenance. In addition, demand is generally expected to remain robust as a weak euro continues to favour exports. However, year-end demand has been better-than-expected which could see 2017 get off to a slow start.
The US propylene market kicked off 2017 with renewed buying interest, as spot activity accelerated and as prices rose amid tighter-than-expected supply. There was expectation that supply would be long for much of the year because of increased production, ample inventories, as well as overall stable demand. However, supply is tighter than anticipated.
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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