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Initial December propylene contract nominated in US

by ChemOrbis Editorial Team -
  • 25/11/2014 (11:32)
Initial December propylene contracts have been nominated in the US, according to market sources. A global producer nominated their December propylene contract with a decrease of 4 cents/lb ($88/ton) from November at 67.5 cents/lb ($1488/ton) FD USG for polymer-grade propylene and at 66 cents/lb ($1455/ton) for chemical grade. Sources commented that the initial nomination was in line with players’ expectations.

The November contracts had settled at 71.5 cents/lb ($1576/ton) for polymer grade propylene and at 70 cents/lb ($1543/ton) for chemical-grade propylene.
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