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Asian propylene oxide prices rose from $2,976 per tonne in July to $3,205 in the first week of August and $3,434 in the last week. The increase followed Dow's force majeure declaration, which cut its supply of the upstream raw material propylene.
The force majeure tightens supply of a petrochemical intermediate used in polyols and polyurethanes, lifting derivative prices in the short term. It has no direct effect on feed ingredient supply or prices.
chemanalyst.comNina JiangAug 26, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
