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In North America, the Propylene Pricing was observed to be increasing in these in the first quarter, with prices hovering around USD 510/ton-546/ton for Propylene Refinery Grade Del US Gulf, and a sudden spike of 14.4% in March. There was an overall decrease of 5.7% in Q1 compared to the previous quarter. The USA, which contributes 10% of the world's total Propylene exports, majorly to Colombia, saw an increase in freight charges due to the ongoing Russia-Ukraine war. Also, the operational cost for Fluid Catalytic Crackers increased due to record-high energy costs over the last four weeks. With all propane dehydrogenation units operating at a healthy rate and few supply bottlenecks, polymer-grade Propylene's price-maintained stability in the first quarter.

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