The Propylene market in the United States experienced a significant hike in July xxxx, characterized by a sharp escalation in prices. This upward trajectory was primarily driven by a supply-side disruption, coupled with the high production costs during this timeframe. Despite the demand for Propylene from downstream sectors including Polypropylene being not robust, the prices remained at a higher end amidst logistical issues due to hurricane season.
A series of unforeseen events combined to create a significant shortfall in Propylene supply. Several key production facilities underwent unplanned shutdowns due to a combination of factors, including equipment failures, maintenance issues, and the impact of severe weather conditions. Notably, Shell Chemical&#xx;s cracker in Deer Park, Texas, with a Propylene capacity of xxx,xxx metric tons per year, was idled due to a feedstock error. Similarly, INEOS Olefins and Polymers&#xx; cracker in Alvin, Texas, boasting a capacity of xxx,xxx metric...
