PP Wk 29: Propylene prices down $50/MT

Propylene prices have fallen by about $50 due to Ethylene prices coming back online. In addition, oil prices remain low due to over supply in the market, which will increase once Iranian oil hits the market in 2016. It is expected that PP prices will continue to reduce over the medium term.

 

 

 

PP July Wk 29 Market Update