According to the agency reported in London on June 2, market sources said on the 2nd, due to the shortage of supply of propylene in Europe led to the supply of the region interrupted, the EU is now seeking to import propylene from the United States.
| POLYVINYL ALCOHOL |
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US propylene prices were assessed at 37 cents / gallon ($ 815 / t FD) compared to 8,3.5 euros per tonne (936.8 US dollars / ton) FD Northwest. The freight is fixed at about $ 90 to $ 100 per tonne.
Sources said supply shortages caused by both the European crackers and refineries have led the EU to seek propylene imports from the west. The source added that Europe had booked two ships of propylene from the US at the end of May. A shipping industry source said that one of the ship’s propylene cargo is booked by the French company.
| PVA |
Total Inc. said on May 24 that after the three-week strike, the company’s Feyzin cracker and refinery began a re-start process. However, it is unclear whether the Belgian Antwerp cracker has now been restarted after the planned repair is complete.
In the first three months of this year, the EU imported 11.0204 million tons of propylene, of which US imports were zero. According to the Eurostat, Europe imports propylene from Russia, Serbia and Brazil.
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