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August propylene contracts settle in US

by ChemOrbis Editorial Team -
  • 25/08/2017 (11:29)
According to market sources, August propylene contracts settled in the US. The new propylene contract was reportedly agreed with an increase of $11/ton (0.5 cent/lb) from July at $871/ton (39.5 cents/lb) FD USG for polymer-grade propylene and at $838/ton (38 cents/lb) for chemical grade.

The new settlement was in line with the earlier market expectations.

Meanwhile, spot polymer-grade propylene prices in the US were reported at around $871/ton (39.5 cents/lb) FD USG as of the end of last week, up by $33/ton (1.5 cents/lb) from a week earlier.
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