Demand
(-) Downstream demand has remained muted as market players remain concerned about the softening economy
Supply
(-) Propylene supply in Asia remains structurally long due to additional new capacities coming on-stream. However, as a result of the weak market, some PDH units and metathesis units were reported to have either reduced their run rates or shut down due to weak margins. FCC unit run rates were also reported to have been reduced due to the weaker gasoline margins.