Initial November propylene contract settles in US
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, an initial September propylene contract settled in the US. The initial propylene contract was agreed with a decrease of 6 cents/lb ($132/ton) from October at 35.5 cents/lb ($782/ton) FD USG for polymer-grade propylene and at 34 cents/lb ($749/ton) for chemical grade.
Sources reported that the new settlement level beat market expectations which had called for a drop of 3-4 cents in November.
If the new settlement sees widespread acceptance, the contract price will indicate the lowest level since July 2016.
Sources reported that the new settlement level beat market expectations which had called for a drop of 3-4 cents in November.
If the new settlement sees widespread acceptance, the contract price will indicate the lowest level since July 2016.
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