US propylene prices rose by 106% m-o-m in January, reaching the same highest level since September 2016, due to low supplies and higher demand.
Prices of propylene have reached unseasonal highs, due to low supply as a result of outages at manufacturing sites in the US. One of the more significant outages was at the Exxon Mobil 800,000 tonnes/year plant in Baytown, Texas, which shut for maintenance following a fire in mid-January.
During Q4 2016, demand for propylene, which is a feedstock for polypropylene (PP), fell as PP manufacturers stopped procurement to reduce the level of year end inventories. But in January, as buyers came back to the market to restock and prepare for the peak summer season, sufficient stocks were not available and prices rose.
US benzene prices fall due to low demand
US benzene prices fell 18% m-o-m in mid-March, due to lower demand and falling prices in Asia.
After rising to 2-year
Chinese styrene prices up 60%
Styrene prices in China were up 20% m-o-m in the first week of February, and 60% y-o-y, due to an
Tight supply and growing demand push up Ammonia
Ammonia prices in the US have risen 52% from November 2016, following a decline since 2015.
Ammonia prices have risen due
Titanium dioxide on the rise
The titanium dioxide market has seen a turbulent few years, with prices falling by almost 50% between 2013 and 2016.
Chinese polyester prices up on rising feedstock cost
As a result of an increase in feedstock cost, Chinese polyester prices rose 13% m-o-m in December. However, prices have