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August propylene contracts start to settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/08/2016 (13:53)
According to market sources, an initial August propylene contract was settled in the US. The initial propylene contract was agreed with an increase of 3.5 cent/lb ($77/ton) from July at 37 cents/lb ($815/ton) FD USG for polymer-grade propylene and at 35.5 cents/lb ($782/ton) for chemical grade.

Sources reported that the new settlement will be the highest contract level since June 2015 if it finds wide acceptance in the market.
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