Propylene is the second product in a steam cracker fin terms omf quantity. The production of propylene is from 16% from total production to 20% ofrom total production. Propylene price is also increases and decreases depending on supply and demand balance.
For example: the price of feedstock in Nov/ 2015 is lower than the price of feedstock in Feb/ 2016 but the price of propylene in Nov/ 2015 is higher than the price of propylene in Feb/ 2016 t.
Thatis means the price of propylene is not dependent on the price of feedstock like the supply and demand balance. The main source that produces propylene is steam cracker. Also there are a lot of by-products ethat affect the margin to produce one ton of propylene, because the price of by-products depends on supply and demand balance.
Propylene production per regions:
Asia and pThe Pacific region are the largest productiers onf propylene region in the world t.
Thatey produce more than half of the world's production. This is due to a number of steam cracker's in this region.
Also the feedstock of these steam cracker, because the feedstock is naphtha, that means will produce a lot of propylene.
In the mMiddle eEast there are a lot of steam cracker's, but that feedstock alis most isly ethane, that means will produce a lot of ethylene a.
Around 77% from total production and the propylene will be 2% from total production .
The second region is Europe region. tThat is due to the same reason ofas Asia as there are a number of steam cracker's and that feedstock.
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