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Initial October propylene contract nominates in US

by ChemOrbis Editorial Team -
  • 29/09/2015 (10:36)
According to market sources, initial October propylene contracts have been nominated in the US. An initial nomination from ExxonMobil Chemical calls for a rollover from September at 30 cents/lb ($661/ton) for polymer-grade and at 28.5 cents/lb ($628/ton) for chemical-grade propylene. Producers have initially proposed rollovers for the past four months, although the contracts ultimately settled lower each month.

In the US, spot propylene prices were reported mostly stable on the week to be currently quoted at around 26.5 cents/lb ($584/ton) FOB USG.
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