China June propylene price to edge down as supply surplus widens

OilChem sees June propylene price down to Yuan 9,100/t in Shandong as supply surplus widens to 110,000 tonnes. Supply recovery and weak demand pressure prices. Monitor PDH restarts and feedstock costs.

Oilchem estimates that in June, the propylene market will be driven by fundamentals again. Supply is steadily recovering while demand lacks momentum, leading to a widening supply surplus. Weakened cost support adds further pressure, pointing to a generally weaker market. The average price in the Shandong region is expected