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December propylene contracts start to settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/12/2015 (10:10)
According to market sources, December propylene contracts have started to settle in the US. The new propylene contracts are settling 0.5 cents/lb ($11/ton) higher from November at 32 cents/lb ($705/ton) FD USG for polymer-grade propylene and at 30.5 cents/lb ($672/ton) with the same terms for chemical-grade propylene.

Sources reported the new settlement was in line with market expectations. If the new settlement sees widespread acceptance, it will indicate the third consecutive monthly increase. An initial nomination had called for a gain of 1 cent/lb ($22/ton) from the previous month.
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