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Initial December propylene contract settles in US

by ChemOrbis Editorial Team -
  • 21/12/2016 (15:53)
According to market sources, an initial December propylene contract settled in the US. The initial propylene contract was agreed with a decrease of 4 cents/lb ($88/ton) from November at 31.5 cents/lb ($683/ton) FD USG for polymer-grade propylene and at 30 cents/lb ($661/ton) for chemical grade.

Sources reported that the new settlement level is in line with market expectations which had called for a drop of 2-4 ($44-88) cents in December.

If the new settlement sees widespread acceptance, the contract price will indicate the lowest level since March 2016.
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