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Asia's new plants put into operation,.
Asia's new plants put into operation,.
.
Although.
Inventory builds have put pressure on spot.
.
At the same time, the amount of propylene exported from the United States to the European market has also increased significant.
Given the recent relative weakness in European markets, market participants have begun to question whether arbitrage opportunities still exi.
A European market participant said that carry trades have been challenged, and from a volume perspective, the European market was well supplied with propylene in July and Augu.
Asia focuses on new capacity additions
Asia focuses on new capacity additionsAt the same time, the Asian propylene market is focused on the commissioning of new capaci.
The number of shutdowns of propylene production units in the Asian region in the second half of this year will be lower than that in the first half of the year, which will ensure a relatively stable supply of propylene, especially in the last three months of this ye.
Other market players are also closely watching the RAPID projects in Malaysia by Petronas and Saudi Aram.