China Apr propylene prices may rebound to Yuan 9,500/t on tight supply

China's propylene prices may rebound to Yuan 9,500/t in April on tight supply and high costs after a short dip. Weaker downstream demand will keep prices fluctuating at Yuan 9,000-9,500/t in the medium to long term.

Supported by high costs and reduced supply, China's propylene short-term prices may rebound to Yuan 9,500/tonne after a dip. Weak downstream demand will keep prices fluctuating at Yuan 9,000-9,500/t over the medium to long term. Figure 1 China Propylene Mainstream Market Prices (Unit: Yuan/t) Source: OilChem In early April, propylene prices initially