There has been significant rise in Asian contract price for CAN in Asian markets. The hike has been in particular due to gain in the values of upstream Propylene prices in Asian market. CFR South East Aisa prices were assessed around USD 1640/MT, gain of USD 70/MT. CFR Far East Asia prices were assessed around USD 1675/MT and increase of USD 70/MT in a week.
On other side feedstock propylene prices were assessed around USD 1005/mt CFR China levels, a steep hike of week on week rise of USD 60/mt.
