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 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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Propylene: Market overview
Updated to Q2 2018
Supply in northeast Asia is expected to tighten in the second quarter, with planned maintenance work happening in the region. On the other hand, S-Oil in South Korea could see its new FCC unit start up during the quarter. The new unit could add new quantity to the region (on paper).
Demand in northeast Asia (excluding China) is not expected to see too much change. Demand in China may start to recover in April following a lull post-Lunar New Year, led by the key downstream of PP, where its downstream demand is expected to recover.
Propylene supply should improve as planned cracker and refinery turnarounds will have come to an end. However, much will depend on timely restarts, and operational reliability barring any unforeseen events. Cracker margins are healthy and are expected to remain so, so this will be incentivising high operating rates.
In general, demand for propylene is expected to remain fairly robust although slipping propylene prices in the US could eventually impact on the competitivity of Europe's derivatives. There are no signs of this yet and so far, players expect an unchanged demand situation when compared with the first quarter.
Supply is expected to lengthen in the second quarter due to the recent start-up of a new PDH unit. Recently started and upcoming ethylene units also are expected to increase propylene production, although only slightly. However, refinery turnarounds during the second quarter could limit the effect of increased production from other sources.
Demand may increase and is expected to normalise in the second quarter following a lacklustre first quarter. Tight supply and high propylene prices had limited demand during the first quarter. Demand began to rebound late in the first quarter as these issues resolved. That trend is expected to continue early in the second quarter as demand returns to typical levels.
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.
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