In the first half of 2023, polymer grade propylene prices experienced fluctuations influenced by demand from the chemical and plastics industries. The market began slowly but picked up as inventories decreased due to high demand. Prices started fluctuating upwards in the second half of the first quarter and continued to waver. Factors such as China’s market revival post-lockdown and price normalization in Europe contributed to this mixed price trend for polymer grade propylene during the period.
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Definition
Propylene (Polymer Grade) is a refined form of the chemical compound propylene. It holds significance in the production of various polymers and plastics due to its high purity and specific characteristics. This grade of propylene serves as a key ingredient in manufacturing processes within the chemical and plastics industries.
Key Details About the Propylene (Polymer Grade) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propylene (Polymer Grade) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Propylene (Polymer Grade) Price Trends, including India Propylene (Polymer Grade) price, USA Propylene (Polymer Grade) price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Propylene (Polymer Grade) Price Trend:
Propylene (Polymer Grade) finds crucial application across industries, primarily serving as a fundamental building block for the production of a wide array of plastics, synthetic fibers, and packaging materials. Its versatility in creating durable, lightweight, and cost-effective products make it indispensable in sectors spanning packaging, automotive, construction, textiles, and more.
Key Players:
- Chevron Phillips Chemical Company
- Mangalore Refinery & Petrochemicals Ltd
- Flint Hills Resources, LLC
- Petkim Petrokimya Holding A.S
- Rompetrol Rafinare SA (Company of The KMG International Group)
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