A key ingredient to one of the most versatile plastics used in bottle caps, automotive components, instrument panels, interior trims.
The chart above shows the daily end-of-day Platts Global Propylene Price Index price in red and also displays the 20-day moving average in blue.
Prices of propylene, the olefin raw input used in the manufacturing of polypropylene for such things as reusable container and textiles, climbed 12% in January to $1,340 per metric ton (/mt), according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals.
The price increase was the largest of all seven components in the PGPI. Propylene supplies were tight globally as production units were taken offline for maintenance.
Global Petrochemical Prices Rose 6% in January on Tight Olefins Supplies
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