December propylene contracts fully settle in US
by ChemOrbis Editorial Team - content@chemorbis.com
Market sources reported that December propylene contracts have fully followed the initial settlement in the US.
December contracts were confirmed with decreases of 8 cents/lb ($176/ton) from November in the US at 42 cents/lb ($926/ton) for polymer-grade propylene (PGP) and 40.5 cents/lb ($893/ton) for chemical-grade propylene, all FD USG.
The decline matched expectations of market players amid higher domestic inventories, lower feedstock propane, and spot propylene costs.
Spot polymer-grade propylene prices in the US were last reported at around at $832-843/ton (37.75-38.25 cents/lb) FD USG.
December contracts were confirmed with decreases of 8 cents/lb ($176/ton) from November in the US at 42 cents/lb ($926/ton) for polymer-grade propylene (PGP) and 40.5 cents/lb ($893/ton) for chemical-grade propylene, all FD USG.
The decline matched expectations of market players amid higher domestic inventories, lower feedstock propane, and spot propylene costs.
Spot polymer-grade propylene prices in the US were last reported at around at $832-843/ton (37.75-38.25 cents/lb) FD USG.
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