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Initial December propylene contract nominated in US

by ChemOrbis Editorial Team -
  • 01/12/2015 (16:02)
According to market sources, ExxonMobil Chemical nominated its December propylene contract to the US. The producer’s nomination calls for an increase of 1 cent/lb ($22/ton) from November at 32.5 cents/lb ($716/ton) for polymer-grade and at 31 cents/lb ($683/ton) for chemical-grade propylene.

In the US, spot propylene prices were reported mostly stable on the week to be currently quoted at around 29.5 cents/lb ($650/ton) FOB USG.
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