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.
Updated to Q3 2019
Propylene supply was tight in northeast Asia on maintenance work in Taiwan at Formosa’s and CPC’s production units. Certain Japanese and South Korean producers were also in the spot market to buy cargoes. The former faced various technical plant issues, leading to lower run rates. The latter suffered a technical glitch at its integrated downstream unit had to sell its propylene previously. It was in the process of buying.
Import demand from China was generally stable, but buyers were cautious as they came under heavy cost pressure. Demand outside of China was strong. In Japan, one producer was running at lower rates and was in the position to buy in order to cover the shortage for its contract customers. One South Korean integrated producer floated buy tenders ahead of a plant turnaround. Taiwanese buyers were restocking as CPC started its plant turnaround in September.
Supply was fairly lengthy throughout most of the third quarter despite planned and unplanned production upsets. A combination of poorer-than-expected demand, regular imports and derivative production issues meant that some volumes were weighing very heavily on the spot market.
Propylene demand was poor for non-polymer derivatives, which have been impacted by reduced export opportunities due to higher costs in Europe compared with the rest of the world, as well as the effects of the trade tensions and bearish economic data. Demand from the polypropylene (PP) sector held up, albeit still at below general expectations for the period.
Despite prolonged production outages, supply continued to outpace demand. Inventory levels dropped by more than 30% from record highs reached in February amid a refinery closure and flexible cracker outages. Exports also cut into inventories but the domestic market remained sufficiently supplied.
Although consumption was set to increase with the restart of INEOS’ Green Lake acrylonitrile (ACN) plant in Green Lake, downstream demand remained sluggish. Polypropylene (PP) margins in particular are under pressure, amid oversupply. The dim macroeconomic outlook has led many companies to keep leaner inventories, tempering demand.
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
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Propylene
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.
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 settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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, highly flammable gas. It is produced by several routes, the most common of which is as a co-product of ethylene production from steam crackers.
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.
SINGAPORE (ICIS)--Supply of Group I base oil in southeast Asia is expected to lengthen as two refineries in the region restarted from their turnarounds in November. In Indonesia, Pertamina...Read
HOUSTON (ICIS)--Next year, Braskem plans to restart two plants in Alagoas state that it shut down because they could no longer receive feedstock brine from a closed salt mine, an executive said on...Read
SINGAPORE (ICIS)--Saudi Aramco’s valuation is expected to be as much as $1.7tr based on the high end of the price range of the initial public offering (IPO) of the world’s biggest crude...Read
ICIS is pleased to announce that the 15th World Olefins Conference will be taking place on the 4 March 2018 in Madrid, Spain. This event will once again bring together the global players from the olefins value chain to discuss the latest developments in the market and to ensure that you have all the necessary information and connections to drive your business forward.