Propylene (Polymer Grade) Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Propylene (Polymer Grade) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Propylene (Polymer Grade) Price Trends

Propylene (Polymer Grade) Price Trend for the First Half of 2023

The price trend for polymer grade propylene fluctuated throughout the first half of 2023. The prices were mostly driven by the downstream demands from the chemical and plastics industries. The market started slow at the beginning of the first quarter but soon picked up the pace as the inventories started dwindling with high offtakes.

Hence, an upward fluctuation was observed in the market behavior from the second half of the first quarter, and these high-wavering patterns continued for the rest of the said period. A market revival in China after the reopening of trade activities in the post-lockdown era and a price normalization in the European region after the economic situations started settling aided the propylene (polymer grade) prices. Overall, a mixed price trend was observed for polymer grade propylene throughout the said period.

Analyst Insight

According to Procurement Resource, the price trend of Propylene (Polymer Grade) are expected to fluctuate in the upcoming quarter, given the volatilities in the downstream market and rising inflation rates.

Procurement Resource provides latest prices of Propylene (Polymer Grade). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Propylene is one of the oldest petrochemical feedstocks in the gas industry. Propylene (Polymer Grade) is primarily utilised in the production of cumene, propylene oxide and acrylic acid. The three grades of propylene include polymer, refinery and chemical, where polymer grade comes with a minimum purity of 99.5%.

Propylene is also one of the smallest stable unsaturated hydrocarbon molecules utilised in the gas industry. This grade nearly accounts for two-thirds of global propylene consumption and is further used to produce acrylonitrile (ACN).

Product Details

Report Features Details
Product Name Propylene (Polymer Grade)
Industrial Uses Polypropylene plastics, Injection mouldings and fibres, Manufacturing of cumene, Manufacturing of alcohols, Manufacturing of propylene oxide, Manufacturing of acrylic acid
Chemical Formula C3H6
Synonyms 1-propene, Methylethylene, Methylethene, Propylene, Propene
Molecular Weight 42.08g/mol  
Supplier Database Chevron Phillips Chemical Company, Mangalore Refinery & Petrochemicals Ltd, Flint Hills Resources, LLC, Petkim Petrokimya Holding A.S, Rompetrol Rafinare SA (Company of The KMG International Group)
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Propylene (Polymer Grade) during Ethylene Production via the Steam Cracking of Hydrocarbon Feedstocks; and as a by-product via Petroleum Refining

During ethylene production, the Propylene (Polymer Grade) molecule is produced as a co-product during the steam cracking (steam pyrolysis) of hydrocarbon feedstocks. These hydrocarbon feedstocks include a wide range of products like ethane, naphtha and gas oils. Moreover, Propylene (Polymer Grade) can also be produced through petroleum refining process as a by-product.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.