Initial December propylene contract settles in US
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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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