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Initial September propylene contract nominated in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/08/2015 (11:10)
Initial September propylene contracts have been nominated in the US, according to market sources. A global producer nominated their September propylene contract with a decrease of 2 cents/lb ($44/ton) from August at 31 cents/lb ($683/ton) FD USG for polymer-grade propylene and at 29.5 cents/lb ($650/ton) for chemical grade. Sources commented that market expectations are calling for decreases of 3-4 cents/lb ($66-88/ton) to around 29-30 cents/lb ($639-661/ton) FD USG for polymer grade propylene.

August contracts had settled at 33 cents/lb ($727/ton) for polymer grade propylene and at 31.5 cents/lb ($694/ton) for chemical-grade propylene.
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