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April propylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 12/04/2016 (12:54)
According to market sources, April propylene contracts have started to settle in the US. The new propylene contracts are settling 1 cent/lb ($22/ton) higher from March at 32.5 cents/lb ($716/ton) FD USD for polymer-grade propylene and at 31 cents/lb ($683/ton) for chemical-grade propylene with the same terms.

If this settlement is widely accepted in the market, it will indicate the second increase in two months. Sources reported the new settlement was in line with market expectations.
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