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China:Margins propel propylene prices as ethylene eases |
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2005-4-6
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The forecast for the third quarter this year for ethylene markets are set to weaken while propylene markets will gain strength.
Higher margins for propylene/polypropylene compared to ethylene/polyethylene is said to be the reason for the forecast.
In March 2005, the demand for ethylene in Asia grew as Formosa Petrochemical Corp was buying material because of a turnaround at its 900,000 tons/y Taiwanese plant.
Meanwhile, Sanyo Petrochemicals and Tosoh Corp which have planned shutdown for Mar/Apr 2005 in Japan will not impact the markets due to higher inventories being carried by these companies, agencies reported.
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