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.
Price Reporting – More information about the price reports we publish on Propylene
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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.
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Propylene: Market overview
Updated to Q1 2018
With most of the term negotiations expected to conclude before the start of 2018, the spot market could regained some of its lost momentum in January, just in time for pre-Lunar New Year restocking activities in China. Spot supply for January may see an increase in the early weeks of 2018. Traders will sell more cargoes on a spot basis if they are unable to secure enough term outlets.
Spot demand for January-delivery cargoes to China is expected to be healthy. Some buyers will likely continue to cover their requirements from the spot market if they are unable to persuade suppliers to lower their 2018 term offers. Going into January, there could be a pick-up in buying activity as importers typically build up their inventory ahead of the Lunar New Year holidays in mid-February.
Updated to Q4 2017
Propylene supply is expected to improve on the basis that planned cracker maintenances will be over by the end of October but the market will remain in a well-balanced to tight position, sources said, until perhaps the traditional year-end demand slow-down occurs - even so no significant length is expected to develop barring any unforeseen issues on the derivatives side.
Propylene demand is expected to remain relatively healthy through the fourth quarter - the impacts of hurricane Harvey are being felt in derivatives' markets. Towards year-end, propylene demand will slow but market players do not anticipate any major reductions in consumption.
Supply is expected to recover as refineries restart and increase operating rates and as a new propane dehydrogenation (PDH) unit is expected to come online in October. Additional supply is expected from new ethane crackers in the US Gulf, one which started up in Q3 and another expected to start up in Q4.
Demand is expected to be steady, once downstream markets are fully recovered from hurricane Harvey outages.
News & analysis
Propylene news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Propylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
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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