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Initial March propylene contracts nominated in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/02/2015 (15:13)
According to market sources, initial March propylene contracts have been nominated in the US. ExxonMobil Chemical reportedly nominated their March propylene contracts with an increase of 1.5 cents/lb ($33/ton) from February at 52 cents/lb ($1146/ton) for polymer-grade propylene and 50.5 cents/lb ($1113/ton) for chemical grade.

However, players are expecting double-digit decreases as weaker costs for heavier feedstocks and stronger refinery production rates have led to an increase in propylene production.
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