ICIS publishes pricing information which you can use in settlements and contracts in order to optimise your deals and negotiations.
Use the independent price assessments and market coverage in our price reports to track the regional Propylene market.
Use ICIS information to:
- Understand price drivers and fluctuations
- Develop internal analytical models
- Negotiate deals with confidence
Propylene news and market information products from ICIS
We offer the following regional Propylene coverage to keep you informed of factors and developments affecting prices in the Asia Propylene marketplace.
Price Reporting – More information about the price reports we publish on Propylene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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.
Updated to Q2 2018
Propylene (PP) in northeast Asia saw an increase in prices for the first half of the second quarter. Snug supply in the region was largely the cause. In Taiwan, Formosa Petrochemical Corp (FPCC) shut its 350,000 tonnes/year residue fluid catalytic cracking (RFCC) unit in early March for about a month for planned maintenance work. There were also various turnarounds in Japan and south Korea, involving Mitsui Chemicals’ olefins conversion unit (OCU) and SK Advanced’s propane dehydrogenation (PDH) unit respectively.
Prices started to trend down in the latter part of the second quarter in northeast Asia with demand from China on the wane. With a number of downstream polypropylene (PP) units on regular maintenance, supply in domestic markets were seen to be ample and demand for imports were curtailed as a result. In addition, a weaker Chinese yuan against the US dollar also meant that buyers were cautious when it came to buying import cargoes.
ICIS covers the propylene market in Asia and tracks the free on board (FOB) and cost & freight (CFR) market in both northeast Asia (NE Asia) and southeast Asia (SE Asia).
ICIS speaks to a wide spectrum of industry players including producers, traders and end users 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 area report are assessed based on information gathered during the actual day. As such, the assessments for the daily and weekly reports are independent and separate.
ICIS also provides daily real-time price updates through our price alerts and news snapshots. As propylene is a core product of ethylene, market players are keen to be informed about cracker developments in the region.
The weekly report has a section on production news, capturing any significant cracker developments throughout the week. In addition, it features a graph showing the price movements between propylene and the key derivative polypropylene (PP) market.
ICIS in Asia has been reporting on propylene for close to twenty years and our price assessments are often used as a benchmark for contract negotiations in Asia.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
General Propylene Methodology Consultation read more >
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.