Platts Global Propylene Price Index 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, fell 6% in April to $1,247 per metric tons (/mt), according to the just-released PGPI data expressed as a monthly average. This was down from $1,331/mt in March. The April price decline was attributed to lower raw input costs and softened demand for propylene derivatives.
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, fell 6% in April to $1,247 per metric tons (/mt), according to the just-released PGPI data expressed as a monthly average.
This was down from $1,331/mt in March. The April price decline was attributed to lower raw input costs and softened demand for propylene derivatives.
Weaker Asian olefins contribute to 5% drop in global petrochemical prices
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